Kiwi Wealth Investments Limited Partnership Boosts Position in Vulcan Materials (VMC)

Kiwi Wealth Investments Limited Partnership increased its stake in Vulcan Materials (NYSE:VMC) by 97.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,480 shares of the construction company’s stock after purchasing an additional 34,871 shares during the quarter. Kiwi Wealth Investments Limited Partnership’s holdings in Vulcan Materials were worth $8,047,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VMC. BlackRock Inc. raised its holdings in shares of Vulcan Materials by 18.4% in the 4th quarter. BlackRock Inc. now owns 10,394,204 shares of the construction company’s stock worth $1,334,304,000 after purchasing an additional 1,614,350 shares during the period. Fred Alger Management Inc. raised its holdings in shares of Vulcan Materials by 87.8% in the 4th quarter. Fred Alger Management Inc. now owns 1,639,575 shares of the construction company’s stock worth $210,472,000 after purchasing an additional 766,462 shares during the period. Artisan Partners Limited Partnership bought a new stake in shares of Vulcan Materials in the 1st quarter worth approximately $86,495,000. Millennium Management LLC raised its holdings in shares of Vulcan Materials by 256.9% in the 4th quarter. Millennium Management LLC now owns 1,013,853 shares of the construction company’s stock worth $130,148,000 after purchasing an additional 729,757 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 35.3% in the 1st quarter. Principal Financial Group Inc. now owns 2,016,741 shares of the construction company’s stock worth $230,251,000 after purchasing an additional 526,595 shares during the period. 94.66% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on VMC. Zacks Investment Research upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Bank of America upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating and set a $134.00 price objective for the company in a research note on Wednesday, May 2nd. ValuEngine lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Jefferies Financial Group reiterated a “hold” rating and issued a $129.00 price objective on shares of Vulcan Materials in a research note on Monday, April 23rd. Finally, Stephens set a $137.00 price objective on shares of Vulcan Materials and gave the company a “buy” rating in a research note on Friday, April 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Vulcan Materials presently has a consensus rating of “Hold” and an average target price of $141.13.

Vulcan Materials stock opened at $131.22 on Thursday. Vulcan Materials has a 1-year low of $108.17 and a 1-year high of $141.20. The company has a market capitalization of $17.22 billion, a P/E ratio of 43.07, a price-to-earnings-growth ratio of 1.40 and a beta of 1.01. The company has a quick ratio of 1.05, a current ratio of 1.73 and a debt-to-equity ratio of 0.56.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, May 3rd. The construction company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.22. Vulcan Materials had a net margin of 15.40% and a return on equity of 8.76%. The business had revenue of $854.00 million during the quarter, compared to analyst estimates of $817.85 million. During the same period in the previous year, the business earned $0.34 EPS. Vulcan Materials’s revenue was up 8.5% compared to the same quarter last year. sell-side analysts forecast that Vulcan Materials will post 4.45 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, June 8th. Stockholders of record on Thursday, May 24th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, May 23rd. This represents a $1.12 dividend on an annualized basis and a dividend yield of 0.85%. Vulcan Materials’s dividend payout ratio (DPR) is currently 36.84%.

In other news, VP John R. Mcpherson sold 21,618 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $130.37, for a total transaction of $2,818,338.66. Following the completion of the transaction, the vice president now directly owns 102,610 shares in the company, valued at approximately $13,377,265.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stanley G. Bass sold 4,109 shares of the business’s stock in a transaction on Monday, June 11th. The shares were sold at an average price of $130.00, for a total transaction of $534,170.00. Following the transaction, the insider now owns 31,569 shares of the company’s stock, valued at $4,103,970. The disclosure for this sale can be found here. Insiders have sold a total of 49,001 shares of company stock valued at $6,278,803 over the last 90 days. Company insiders own 0.81% of the company’s stock.

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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