Vulcan Materials Company $VMC Shares Sold by Equitable Trust Co.

Equitable Trust Co. reduced its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 6.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 16,472 shares of the construction company’s stock after selling 1,073 shares during the period. Equitable Trust Co.’s holdings in Vulcan Materials were worth $4,296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC lifted its stake in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after purchasing an additional 44 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in Vulcan Materials in the first quarter worth $27,000. Concord Wealth Partners acquired a new stake in Vulcan Materials in the second quarter worth $33,000. Manchester Capital Management LLC increased its position in Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after buying an additional 39 shares during the period. Finally, Wayfinding Financial LLC acquired a new stake in Vulcan Materials in the first quarter worth $45,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on VMC shares. Citigroup reaffirmed a “buy” rating and issued a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Morgan Stanley dropped their target price on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. Royal Bank Of Canada dropped their target price on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Finally, Barclays increased their target price on Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $308.58.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Vulcan Materials Price Performance

NYSE:VMC opened at $303.22 on Tuesday. The business’s 50-day moving average price is $294.71 and its 200 day moving average price is $271.82. The firm has a market cap of $40.06 billion, a P/E ratio of 42.35, a PEG ratio of 2.46 and a beta of 0.92. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $309.17. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.Vulcan Materials’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.35 earnings per share. As a group, sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.6%. Vulcan Materials’s dividend payout ratio (DPR) is currently 27.37%.

Vulcan Materials Company Profile

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 company 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.