Raymond James Financial Services Advisors Inc. increased its position in Vulcan Materials Company (NYSE:VMC) by 30.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,964 shares of the construction company’s stock after acquiring an additional 8,595 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Vulcan Materials were worth $4,683,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VMC. Sun Life Financial INC increased its holdings in Vulcan Materials by 10,666.7% in the 2nd quarter. Sun Life Financial INC now owns 969 shares of the construction company’s stock worth $123,000 after acquiring an additional 960 shares in the last quarter. NN Investment Partners Holdings N.V. increased its holdings in Vulcan Materials by 25.2% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after acquiring an additional 200 shares in the last quarter. Korea Investment CORP increased its holdings in Vulcan Materials by 140.5% in the 2nd quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after acquiring an additional 718 shares in the last quarter. Schroder Investment Management Group purchased a new stake in Vulcan Materials in the 2nd quarter worth approximately $187,000. Finally, NEXT Financial Group Inc increased its holdings in Vulcan Materials by 6.9% in the 2nd quarter. NEXT Financial Group Inc now owns 1,600 shares of the construction company’s stock worth $203,000 after acquiring an additional 103 shares in the last quarter. 87.13% of the stock is owned by institutional investors.

In other news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total transaction of $115,316.55. Following the completion of the transaction, the insider now directly owns 23,871 shares of the company’s stock, valued at approximately $2,806,036.05. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $121.51, for a total value of $151,887.50. Following the transaction, the insider now directly owns 2,857 shares of the company’s stock, valued at $347,154.07. The disclosure for this sale can be found here. Insiders own 0.89% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Raymond James Financial Services Advisors Inc. Has $4.68 Million Position in Vulcan Materials Company (VMC)” was originally reported by Watch List News and is owned by of Watch List News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.watchlistnews.com/raymond-james-financial-services-advisors-inc-has-4-68-million-position-in-vulcan-materials-company-vmc/1630226.html.

Shares of Vulcan Materials Company (NYSE VMC) traded down 1.28% during midday trading on Friday, reaching $116.28. 939,461 shares of the company’s stock were exchanged. Vulcan Materials Company has a one year low of $108.37 and a one year high of $138.18. The stock has a market cap of $15.38 billion, a P/E ratio of 37.44 and a beta of 0.87. The company’s 50-day moving average is $117.97 and its 200-day moving average is $122.36.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Vulcan Materials Company will post $3.26 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.86%. Vulcan Materials’s payout ratio is presently 32.36%.

Several equities research analysts recently issued reports on VMC shares. BidaskClub lowered shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Stephens raised shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $140.00 to $145.00 in a report on Thursday, August 3rd. Zacks Investment Research lowered shares of Vulcan Materials from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a report on Tuesday. Finally, Citigroup Inc. reissued a “buy” rating and issued a $140.00 target price (down from $145.00) on shares of Vulcan Materials in a report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. Vulcan Materials presently has a consensus rating of “Hold” and an average price target of $139.17.

About Vulcan Materials

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).

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

Receive News & Ratings for Vulcan Materials Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials Company and related companies with Analyst Ratings Network's FREE daily email newsletter.