Vanguard Personalized Indexing Management LLC Sells 295 Shares of Vulcan Materials (NYSE:VMC)

Vanguard Personalized Indexing Management LLC lessened its holdings in shares of Vulcan Materials (NYSE:VMCFree Report) by 4.0% in the third quarter, Holdings Channel.com reports. The firm owned 7,033 shares of the construction company’s stock after selling 295 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Vulcan Materials were worth $1,421,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $217,300,000. Barclays PLC boosted its position in shares of Vulcan Materials by 98.7% in the second quarter. Barclays PLC now owns 427,683 shares of the construction company’s stock valued at $96,416,000 after acquiring an additional 212,432 shares during the period. Vanguard Group Inc. boosted its position in shares of Vulcan Materials by 1.3% in the first quarter. Vanguard Group Inc. now owns 14,535,907 shares of the construction company’s stock valued at $2,670,246,000 after acquiring an additional 184,543 shares during the period. Morgan Stanley boosted its position in shares of Vulcan Materials by 14.9% in the fourth quarter. Morgan Stanley now owns 1,282,194 shares of the construction company’s stock valued at $224,525,000 after acquiring an additional 166,627 shares during the period. Finally, Two Sigma Investments LP boosted its position in shares of Vulcan Materials by 6,661.5% in the first quarter. Two Sigma Investments LP now owns 169,037 shares of the construction company’s stock valued at $29,000,000 after acquiring an additional 166,537 shares during the period. Institutional investors own 90.10% of the company’s stock.

Vulcan Materials Trading Up 0.7 %

VMC stock opened at $240.00 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.47 and a current ratio of 3.13. Vulcan Materials has a one year low of $159.76 and a one year high of $240.10. The company’s 50 day moving average price is $224.46 and its two-hundred day moving average price is $216.47. The company has a market capitalization of $31.89 billion, a PE ratio of 38.90, a price-to-earnings-growth ratio of 1.33 and a beta of 0.81.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Investors of record on Monday, March 4th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.77%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s payout ratio is presently 27.88%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Morgan Stanley assumed coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They set an “equal weight” rating and a $208.00 target price for the company. Royal Bank of Canada lowered shares of Vulcan Materials from an “outperform” rating to a “sector perform” rating and lifted their target price for the company from $235.00 to $236.00 in a research report on Friday, January 12th. Raymond James lifted their target price on shares of Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $240.00 to $245.00 in a research report on Tuesday, December 12th. Finally, Seaport Res Ptn upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $248.85.

Get Our Latest Analysis on VMC

Insider Buying and Selling

In related news, SVP Jerry F. Perkins, Jr. sold 788 shares of Vulcan Materials stock in a transaction on Monday, November 13th. The shares were sold at an average price of $210.69, for a total value of $166,023.72. Following the transaction, the senior vice president now directly owns 6,051 shares of the company’s stock, valued at $1,274,885.19. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Vulcan Materials news, SVP David P. Clement sold 764 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $212.00, for a total transaction of $161,968.00. Following the transaction, the senior vice president now directly owns 2,887 shares of the company’s stock, valued at approximately $612,044. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Jerry F. Perkins, Jr. sold 788 shares of the business’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $210.69, for a total transaction of $166,023.72. Following the transaction, the senior vice president now directly owns 6,051 shares in the company, valued at $1,274,885.19. The disclosure for this sale can be found here. Insiders have sold a total of 3,153 shares of company stock valued at $681,957 over the last three months. 0.62% of the stock is owned by company insiders.

Vulcan Materials Company Profile

(Free Report)

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.

See Also

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:VMCFree Report).

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

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