Retirement Systems of Alabama lowered its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 13.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,066 shares of the construction company’s stock after selling 16,765 shares during the quarter. Retirement Systems of Alabama owned approximately 0.08% of Vulcan Materials worth $12,446,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Eads & Heald Investment Counsel increased its position in shares of Vulcan Materials by 0.8% during the 2nd quarter. Eads & Heald Investment Counsel now owns 2,257 shares of the construction company’s stock valued at $286,000 after purchasing an additional 17 shares during the last quarter. Traynor Capital Management Inc. grew its stake in shares of Vulcan Materials by 0.7% during the 2nd quarter. Traynor Capital Management Inc. now owns 2,317 shares of the construction company’s stock valued at $287,000 after acquiring an additional 17 shares during the period. L & S Advisors Inc grew its stake in shares of Vulcan Materials by 0.7% during the 2nd quarter. L & S Advisors Inc now owns 3,870 shares of the construction company’s stock valued at $490,000 after acquiring an additional 25 shares during the period. Calamos Wealth Management LLC grew its stake in shares of Vulcan Materials by 0.8% during the 2nd quarter. Calamos Wealth Management LLC now owns 10,519 shares of the construction company’s stock valued at $1,333,000 after acquiring an additional 80 shares during the period. Finally, Louisiana State Employees Retirement System grew its stake in shares of Vulcan Materials by 1.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 8,200 shares of the construction company’s stock valued at $1,039,000 after acquiring an additional 100 shares during the period. 87.40% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently issued reports on VMC shares. Zacks Investment Research downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub downgraded Vulcan Materials from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $140.00 to $145.00 in a research note on Thursday, August 3rd. Jefferies Group LLC set a $114.00 price objective on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Finally, Citigroup Inc. reiterated 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. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $140.00.

Vulcan Materials Company (NYSE:VMC) opened at $123.85 on Friday. Vulcan Materials Company has a 52 week low of $108.95 and a 52 week high of $136.82. The company has a quick ratio of 3.34, a current ratio of 4.22 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $16,380.00, a P/E ratio of 40.93, a price-to-earnings-growth ratio of 2.37 and a beta of 0.86.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, November 1st. The construction company reported $1.04 earnings per share for the quarter, missing the Thomson Reuters’ 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 in the previous year, the company earned $1.01 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. equities analysts anticipate that Vulcan Materials Company will post 3.04 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 22nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, November 21st. This represents a $1.00 annualized dividend and a yield of 0.81%. Vulcan Materials’s payout ratio is 34.13%.

In other news, 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 transaction of $151,887.50. Following the sale, the insider now directly owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 value of $115,316.55. Following the sale, the insider now directly owns 23,871 shares in the company, valued at $2,806,036.05. The disclosure for this sale can be found here. Corporate insiders own 0.89% of the company’s stock.

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).

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

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