Employees Retirement System of Texas decreased its position in Vulcan Materials (NYSE:VMC) by 21.6% during the 4th quarter, Holdings Channel reports. The firm owned 46,000 shares of the construction company’s stock after selling 12,700 shares during the quarter. Employees Retirement System of Texas’ holdings in Vulcan Materials were worth $5,905,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of VMC. BlackRock Inc. grew its holdings in Vulcan Materials by 18.4% in the fourth quarter. BlackRock Inc. now owns 10,394,204 shares of the construction company’s stock valued at $1,334,304,000 after purchasing an additional 1,614,350 shares during the last quarter. Third Point LLC grew its holdings in Vulcan Materials by 46.9% in the third quarter. Third Point LLC now owns 2,350,000 shares of the construction company’s stock valued at $281,060,000 after purchasing an additional 750,000 shares during the last quarter. Point72 Asset Management L.P. grew its holdings in Vulcan Materials by 116.5% in 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 during the last quarter. CI Investments Inc. purchased a new stake in shares of Vulcan Materials in the third quarter valued at $55,271,000. Finally, Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 71.2% in the third quarter. Principal Financial Group Inc. now owns 949,062 shares of the construction company’s stock valued at $113,508,000 after acquiring an additional 394,854 shares in the last quarter. 89.22% of the stock is currently owned by institutional investors.
In related news, insider Michael R. Mills sold 3,738 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $134.56, for a total transaction of $502,985.28. Following the transaction, the insider now directly owns 44,581 shares in the company, valued at $5,998,819.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael R. Mills sold 4,659 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $133.25, for a total value of $620,811.75. Following the transaction, the insider now owns 45,351 shares in the company, valued at $6,043,020.75. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.
Shares of Vulcan Materials (VMC) opened at $122.12 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.49 and a quick ratio of 1.00. Vulcan Materials has a 12-month low of $108.95 and a 12-month high of $141.20. The stock has a market capitalization of $16,150.00, a price-to-earnings ratio of 55.51, a PEG ratio of 1.67 and a beta of 0.84.
Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Friday, February 16th. The construction company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.02. Vulcan Materials had a return on equity of 8.68% and a net margin of 15.45%. The business had revenue of $977.50 million for the quarter, compared to the consensus estimate of $929.36 million. During the same period in the prior year, the business earned $0.69 earnings per share. The business’s revenue was up 12.0% on a year-over-year basis. sell-side analysts anticipate that Vulcan Materials will post 4.47 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 23rd will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, February 22nd. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.25. This represents a $1.12 annualized dividend and a yield of 0.92%. Vulcan Materials’s dividend payout ratio is 45.45%.
Vulcan Materials 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).
Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMC).
Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.