Huntington National Bank Has $104,000 Stock Position in Vulcan Materials (NYSE:VMC)

Huntington National Bank decreased its stake in shares of Vulcan Materials (NYSE:VMC) by 13.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 690 shares of the construction company’s stock after selling 108 shares during the quarter. Huntington National Bank’s holdings in Vulcan Materials were worth $104,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. NuWave Investment Management LLC increased its position in shares of Vulcan Materials by 809.5% during the 2nd quarter. NuWave Investment Management LLC now owns 191 shares of the construction company’s stock worth $26,000 after purchasing an additional 170 shares during the last quarter. Coastal Investment Advisors Inc. increased its holdings in shares of Vulcan Materials by 1,550.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock worth $27,000 after acquiring an additional 186 shares during the last quarter. FinTrust Capital Advisors LLC increased its holdings in shares of Vulcan Materials by 136.9% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock worth $33,000 after acquiring an additional 141 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of Vulcan Materials by 46.4% during the 3rd quarter. NEXT Financial Group Inc now owns 303 shares of the construction company’s stock worth $46,000 after acquiring an additional 96 shares during the last quarter. Finally, Quest Capital Management Inc. ADV acquired a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $50,000. 95.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:VMC traded down $0.97 during trading on Friday, reaching $136.44. 1,045,400 shares of the company traded hands, compared to its average volume of 1,051,284. The company’s 50 day moving average is $146.52 and its two-hundred day moving average is $137.95. The firm has a market capitalization of $18.66 billion, a PE ratio of 33.69, a PEG ratio of 1.62 and a beta of 0.91. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.59. Vulcan Materials has a 52 week low of $90.04 and a 52 week high of $152.49.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, November 6th. The construction company reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.02). The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.38 billion. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The business’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share. As a group, research analysts anticipate that Vulcan Materials will post 4.87 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Tuesday, November 19th will be given a dividend of $0.31 per share. The ex-dividend date is Monday, November 18th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.91%. Vulcan Materials’s payout ratio is 30.62%.

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In related news, insider Stanley G. Bass sold 2,184 shares of the company’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $149.93, for a total transaction of $327,447.12. Following the completion of the sale, the insider now directly owns 35,263 shares in the company, valued at approximately $5,286,981.59. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Stanley G. Bass sold 2,406 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total value of $341,507.64. Following the sale, the insider now owns 35,263 shares of the company’s stock, valued at $5,005,230.22. The disclosure for this sale can be found here. 0.79% of the stock is owned by corporate insiders.

A number of research analysts recently weighed in on the company. Longbow Research boosted their target price on Vulcan Materials from $145.00 to $153.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Vertical Research assumed coverage on Vulcan Materials in a report on Tuesday, October 22nd. They issued a “hold” rating and a $160.00 price objective on the stock. Exane BNP Paribas assumed coverage on Vulcan Materials in a report on Wednesday, October 9th. They issued an “underperform” rating on the stock. Bank of America upgraded Vulcan Materials from an “underperform” rating to a “neutral” rating and set a $157.00 target price for the company in a research report on Tuesday, October 15th. Finally, Barclays upped their target price on Vulcan Materials from $140.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, September 12th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $149.81.

Vulcan Materials 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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