Marsico Capital Management LLC Has $4.88 Million Position in Vulcan Materials Company (VMC)
Marsico Capital Management LLC lowered its position in Vulcan Materials Company (NYSE:VMC) by 54.0% during the first quarter, Holdings Channel reports. The fund owned 40,483 shares of the construction company’s stock after selling 47,484 shares during the period. Marsico Capital Management LLC’s holdings in Vulcan Materials Company were worth $4,877,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Vulcan Materials Company during the fourth quarter worth $4,672,000. Private Advisor Group LLC bought a new position in Vulcan Materials Company during the fourth quarter worth $317,000. FMR LLC boosted its position in Vulcan Materials Company by 10.3% in the fourth quarter. FMR LLC now owns 1,567,758 shares of the construction company’s stock worth $196,204,000 after buying an additional 146,560 shares during the last quarter. Brown Advisory Inc. boosted its position in Vulcan Materials Company by 0.9% in the fourth quarter. Brown Advisory Inc. now owns 2,315 shares of the construction company’s stock worth $290,000 after buying an additional 21 shares during the last quarter. Finally, Credit Agricole S A boosted its position in Vulcan Materials Company by 0.6% in the fourth quarter. Credit Agricole S A now owns 49,131 shares of the construction company’s stock worth $6,148,000 after buying an additional 273 shares during the last quarter. 86.91% of the stock is owned by hedge funds and other institutional investors.
Shares of Vulcan Materials Company (NYSE VMC) traded up 1.49% during mid-day trading on Friday, hitting $131.27. 337,189 shares of the stock traded hands. Vulcan Materials Company has a 12-month low of $105.71 and a 12-month high of $138.18. The stock has a market cap of $17.35 billion, a P/E ratio of 41.99 and a beta of 1.00. The firm’s 50 day moving average price is $127.72 and its 200-day moving average price is $123.93.
Vulcan Materials Company (NYSE:VMC) last released its quarterly earnings data on Wednesday, May 10th. The construction company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.12. Vulcan Materials Company had a net margin of 11.61% and a return on equity of 8.80%. The business had revenue of $787 million for the quarter, compared to analysts’ expectations of $743.79 million. During the same quarter last year, the company earned $0.26 EPS. The company’s revenue for the quarter was up 4.3% compared to the same quarter last year. Analysts predict that Vulcan Materials Company will post $4.08 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Wednesday, May 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, May 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.77%. Vulcan Materials Company’s dividend payout ratio (DPR) is presently 32.15%.
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Several equities analysts have commented on VMC shares. Zacks Investment Research raised shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a research report on Tuesday, March 21st. Citigroup Inc. started coverage on shares of Vulcan Materials Company in a research report on Wednesday, March 29th. They issued a “buy” rating for the company. Argus raised their price target on shares of Vulcan Materials Company from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 9th. BidaskClub raised shares of Vulcan Materials Company from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 price target on shares of Vulcan Materials Company in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $138.60.
In related news, VP Ejaz A. Khan sold 2,024 shares of the stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total value of $253,607.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Stanley G. Bass sold 4,413 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $582,516.00. Following the completion of the sale, the insider now directly owns 21,939 shares in the company, valued at approximately $2,895,948. The disclosure for this sale can be found here. In the last ninety days, insiders sold 6,743 shares of company stock worth $876,515. Corporate insiders own 0.89% of the company’s stock.
Vulcan Materials Company 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).
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