Shell Asset Management Co. reduced its position in shares of Vulcan Materials (NYSE:VMC) by 11.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,158 shares of the construction company’s stock after selling 1,203 shares during the period. Shell Asset Management Co.’s holdings in Vulcan Materials were worth $1,018,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC grew its holdings in Vulcan Materials by 90.1% during the second quarter. Mount Yale Investment Advisors LLC now owns 960 shares of the construction company’s stock worth $124,000 after acquiring an additional 455 shares during the period. Arlington Partners LLC acquired a new position in Vulcan Materials during the third quarter worth about $111,000. JNBA Financial Advisors acquired a new position in Vulcan Materials during the third quarter worth about $111,000. Pendal Group Ltd acquired a new position in Vulcan Materials during the third quarter worth about $140,000. Finally, Piedmont Investment Advisors LLC acquired a new position in Vulcan Materials during the second quarter worth about $194,000. 96.84% of the stock is currently owned by hedge funds and other institutional investors.

In other Vulcan Materials news, Chairman J Thomas Hill acquired 1,955 shares of the firm’s stock in a transaction on Tuesday, November 6th. The stock was purchased at an average cost of $101.66 per share, for a total transaction of $198,745.30. Following the transaction, the chairman now owns 57,348 shares of the company’s stock, valued at approximately $5,829,997.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.81% of the company’s stock.

VMC has been the topic of a number of analyst reports. Argus dropped their price target on Vulcan Materials to $122.00 and set a “buy” rating on the stock in a research note on Monday, August 20th. Zacks Investment Research raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. ValuEngine raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Wednesday, September 19th. Bank of America dropped their price target on Vulcan Materials from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Monday, October 1st. Finally, DA Davidson set a $118.00 price target on Vulcan Materials and gave the stock a “hold” rating in a research note on Thursday, October 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $121.45.

Shares of VMC opened at $100.56 on Wednesday. The stock has a market capitalization of $13.96 billion, a P/E ratio of 33.08, a P/E/G ratio of 1.07 and a beta of 0.98. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $141.20. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.11 and a current ratio of 1.70.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, October 30th. The construction company reported $1.40 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $1.40. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Vulcan Materials had a return on equity of 10.20% and a net margin of 16.84%. Vulcan Materials’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $1.04 EPS. As a group, equities analysts forecast that Vulcan Materials will post 3.95 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Wednesday, November 21st will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, November 20th. This represents a $1.12 dividend on an annualized basis and a yield of 1.11%. Vulcan Materials’s payout ratio is presently 36.84%.

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Vulcan Materials Company 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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