Vulcan Materials (NYSE:VMC) Position Reduced by Voya Investment Management LLC

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Voya Investment Management LLC lowered its position in Vulcan Materials (NYSE:VMC) by 31.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 77,388 shares of the construction company’s stock after selling 35,230 shares during the quarter. Voya Investment Management LLC owned about 0.06% of Vulcan Materials worth $9,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in shares of Vulcan Materials by 7.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 2,936,700 shares of the construction company’s stock valued at $379,010,000 after purchasing an additional 196,091 shares during the period. Fred Alger Management Inc. increased its stake in shares of Vulcan Materials by 56.3% during the second quarter. Fred Alger Management Inc. now owns 2,644,635 shares of the construction company’s stock valued at $341,317,000 after acquiring an additional 952,138 shares during the period. Principal Financial Group Inc. increased its stake in shares of Vulcan Materials by 35.3% during the first quarter. Principal Financial Group Inc. now owns 2,016,741 shares of the construction company’s stock valued at $230,251,000 after acquiring an additional 526,595 shares during the period. Caledonia Private Investments Pty Ltd increased its stake in shares of Vulcan Materials by 11.4% during the first quarter. Caledonia Private Investments Pty Ltd now owns 1,642,585 shares of the construction company’s stock valued at $187,534,000 after acquiring an additional 168,233 shares during the period. Finally, Artisan Partners Limited Partnership increased its stake in shares of Vulcan Materials by 39.2% during the second quarter. Artisan Partners Limited Partnership now owns 1,054,296 shares of the construction company’s stock valued at $136,067,000 after acquiring an additional 296,702 shares during the period. Institutional investors own 97.07% of the company’s stock.

Vulcan Materials stock traded up $0.62 during mid-day trading on Friday, hitting $100.99. The company’s stock had a trading volume of 2,072,952 shares, compared to its average volume of 1,330,388. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.96 and a current ratio of 1.46. The firm has a market cap of $14.71 billion, a price-to-earnings ratio of 33.22, a price-to-earnings-growth ratio of 1.05 and a beta of 0.93. Vulcan Materials has a twelve month low of $98.70 and a twelve month high of $141.20.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, July 31st. The construction company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.37 by ($0.14). The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Vulcan Materials had a return on equity of 9.46% and a net margin of 15.72%. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.89 EPS. As a group, equities analysts predict that Vulcan Materials will post 4.31 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 7th. Shareholders of record on Wednesday, November 21st will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.11%. Vulcan Materials’s dividend payout ratio (DPR) is 36.84%.

VMC has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 15th. Bank of America lowered shares of Vulcan Materials from a “buy” rating to a “neutral” rating and set a $130.00 price objective on the stock. in a research note on Wednesday, July 25th. They noted that the move was a valuation call. ValuEngine lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Thursday, July 26th. Jefferies Financial Group upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $128.00 price objective on the stock in a research note on Wednesday, August 1st. Finally, Royal Bank of Canada upgraded shares of Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 price objective on the stock in a research note on Wednesday, August 1st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $129.00.

About Vulcan Materials

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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