Tokio Marine Asset Management Co. Ltd. Reduces Position in Vulcan Materials Company (VMC)

Tokio Marine Asset Management Co. Ltd. cut its stake in Vulcan Materials Company (NYSE:VMC) by 23.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,826 shares of the construction company’s stock after selling 547 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Vulcan Materials were worth $231,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Vulcan Materials by 3.2% in the first quarter. Vanguard Group Inc. now owns 13,039,804 shares of the construction company’s stock valued at $1,571,036,000 after buying an additional 409,777 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Vulcan Materials by 2,909.7% in the first quarter. BlackRock Inc. now owns 8,067,195 shares of the construction company’s stock valued at $971,936,000 after buying an additional 7,799,158 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Vulcan Materials by 10.6% in the first quarter. JPMorgan Chase & Co. now owns 4,647,016 shares of the construction company’s stock valued at $559,872,000 after buying an additional 443,701 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Vulcan Materials by 9.4% in the first quarter. Geode Capital Management LLC now owns 1,249,739 shares of the construction company’s stock valued at $150,345,000 after buying an additional 107,089 shares in the last quarter. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Vulcan Materials during the first quarter valued at $138,381,000. 84.88% of the stock is currently owned by institutional investors.

Shares of Vulcan Materials Company (NYSE VMC) traded down 0.12% during mid-day trading on Friday, reaching $113.97. 922,633 shares of the company’s stock were exchanged. Vulcan Materials Company has a one year low of $105.71 and a one year high of $138.18. The stock has a market cap of $15.08 billion, a PE ratio of 36.69 and a beta of 0.93. The company has a 50 day moving average price of $122.95 and a 200-day moving average price of $123.21.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.22 by $0.32. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the previous year, the firm posted $0.90 EPS. Vulcan Materials’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Vulcan Materials Company will post $3.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s payout ratio is 32.36%.

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Several analysts recently weighed in on VMC shares. Zacks Investment Research cut shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Argus boosted their price objective on shares of Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. Citigroup Inc. reissued a “buy” rating on shares of Vulcan Materials in a research note on Thursday, May 11th. Royal Bank Of Canada reissued a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research note on Monday, June 19th. Finally, BidaskClub cut shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. Vulcan Materials presently has a consensus rating of “Hold” and an average price target of $139.67.

In other Vulcan Materials news, insider Stanley G. Bass sold 4,413 shares of the business’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $582,516.00. Following the transaction, the insider now owns 21,939 shares in the company, valued at $2,895,948. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Ejaz A. Khan sold 2,024 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total transaction of $253,607.20. The disclosure for this sale can be found here. Insiders sold 6,743 shares of company stock worth $876,515 in the last 90 days. 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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