Natixis Advisors L.P. increased its stake in shares of Vulcan Materials (NYSE:VMC) by 13.1% in the second quarter, HoldingsChannel reports. The firm owned 27,225 shares of the construction company’s stock after buying an additional 3,153 shares during the period. Natixis Advisors L.P.’s holdings in Vulcan Materials were worth $3,738,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GAM Holding AG purchased a new stake in Vulcan Materials in the second quarter valued at about $206,000. Riverhead Capital Management LLC raised its stake in Vulcan Materials by 104.1% in the second quarter. Riverhead Capital Management LLC now owns 8,107 shares of the construction company’s stock valued at $1,113,000 after buying an additional 4,134 shares during the last quarter. Pacer Advisors Inc. raised its stake in Vulcan Materials by 7.7% in the second quarter. Pacer Advisors Inc. now owns 12,448 shares of the construction company’s stock valued at $1,709,000 after buying an additional 892 shares during the last quarter. ARS Investment Partners LLC purchased a new stake in Vulcan Materials in the second quarter valued at about $275,000. Finally, Veritable L.P. raised its stake in Vulcan Materials by 3.8% in the second quarter. Veritable L.P. now owns 2,261 shares of the construction company’s stock valued at $310,000 after buying an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 95.21% of the company’s stock.

A number of brokerages have recently weighed in on VMC. DA Davidson increased their price objective on Vulcan Materials to $150.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. They noted that the move was a valuation call. Royal Bank of Canada set a $142.00 price objective on Vulcan Materials and gave the company a “buy” rating in a report on Friday, July 26th. Barclays increased their price objective on Vulcan Materials from $140.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday. Longbow Research increased their price objective on Vulcan Materials from $145.00 to $153.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Stifel Nicolaus increased their price objective on Vulcan Materials from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $138.25.

Vulcan Materials stock traded up $2.16 during midday trading on Friday, hitting $147.07. 328,427 shares of the company were exchanged, compared to its average volume of 781,916. The firm has a market capitalization of $18.80 billion, a PE ratio of 36.31, a price-to-earnings-growth ratio of 1.68 and a beta of 0.93. Vulcan Materials has a fifty-two week low of $82.52 and a fifty-two week high of $148.15. The business has a fifty day simple moving average of $140.30 and a two-hundred day simple moving average of $129.32. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 1.89.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, July 25th. The construction company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. Vulcan Materials’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the company earned $1.23 earnings per share. As a group, equities analysts expect that Vulcan Materials will post 4.84 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.24 dividend on an annualized basis and a yield of 0.84%. Vulcan Materials’s dividend payout ratio is currently 30.62%.

In other Vulcan Materials news, insider Stanley G. Bass sold 2,406 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total transaction of $341,507.64. Following the transaction, the insider now owns 35,263 shares in the company, valued at $5,005,230.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stanley G. Bass sold 6,207 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $135.80, for a total value of $842,910.60. Following the transaction, the insider now owns 53,813 shares in the company, valued at approximately $7,307,805.40. The disclosure for this sale can be found here. Corporate insiders own 0.79% of the company’s stock.

Vulcan Materials Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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