Optimum Investment Advisors Has $250,000 Stake in Vulcan Materials (VMC)
Optimum Investment Advisors decreased its position in shares of Vulcan Materials (NYSE:VMC) by 30.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,093 shares of the construction company’s stock after selling 914 shares during the quarter. Optimum Investment Advisors’ holdings in Vulcan Materials were worth $250,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in VMC. Janus Henderson Group PLC boosted its holdings in shares of Vulcan Materials by 4,985.8% during the second quarter. Janus Henderson Group PLC now owns 4,209,593 shares of the construction company’s stock valued at $533,271,000 after acquiring an additional 4,126,822 shares during the period. Third Point LLC bought a new stake in shares of Vulcan Materials during the second quarter valued at about $202,688,000. Point72 Asset Management L.P. raised its stake in shares of Vulcan Materials by 116.5% during the third quarter. Point72 Asset Management L.P. now owns 1,038,752 shares of the construction company’s stock valued at $124,235,000 after purchasing an additional 558,900 shares in the last quarter. Cramer Rosenthal Mcglynn LLC bought a new stake in shares of Vulcan Materials during the second quarter valued at about $58,623,000. Finally, CI Investments Inc. bought a new stake in shares of Vulcan Materials during the third quarter valued at about $55,271,000. 89.10% of the stock is owned by institutional investors.
Shares of Vulcan Materials (NYSE VMC) traded up $0.58 during trading on Friday, reaching $120.82. 1,448,947 shares of the company’s stock traded hands, compared to its average volume of 1,133,596. The company has a current ratio of 4.22, a quick ratio of 3.34 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $136.82. The company has a market capitalization of $15,905.89, a PE ratio of 40.49, a PEG ratio of 2.33 and a beta of 0.88.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 EPS for the quarter, missing the consensus estimate of $1.40 by ($0.36). Vulcan Materials had a return on equity of 8.71% and a net margin of 10.20%. The business had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $1.01 earnings per share. Vulcan Materials’s revenue was up 8.6% compared to the same quarter last year. equities research analysts anticipate that Vulcan Materials will post 3.06 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Tuesday, November 21st. Vulcan Materials’s dividend payout ratio (DPR) is presently 34.97%.
VMC has been the topic of a number of recent analyst reports. Jefferies Group restated a “hold” rating and set a $122.00 price objective on shares of Vulcan Materials in a research note on Friday, October 13th. Bank of America cut their price objective on shares of Vulcan Materials from $130.00 to $128.00 and set a “neutral” rating on the stock in a research note on Thursday, October 19th. Citigroup restated a “buy” rating and set a $140.00 price objective (down from $145.00) on shares of Vulcan Materials in a research note on Monday, October 9th. Zacks Investment Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated a “buy” rating and set a $154.00 price objective on shares of Vulcan Materials in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $139.29.
Vulcan Materials Company Profile
Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).
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