Mutual Advisors LLC Purchases 90 Shares of Vulcan Materials Company $VMC

Mutual Advisors LLC increased its position in Vulcan Materials Company (NYSE:VMC) by 4.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,032 shares of the construction company’s stock after acquiring an additional 90 shares during the quarter. Mutual Advisors LLC’s holdings in Vulcan Materials were worth $558,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of VMC. Brighton Jones LLC bought a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $497,000. GAMMA Investing LLC raised its stake in Vulcan Materials by 27.2% in the first quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock valued at $398,000 after purchasing an additional 365 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Vulcan Materials by 42.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company’s stock valued at $3,686,000 after purchasing an additional 4,678 shares in the last quarter. Exchange Traded Concepts LLC raised its stake in Vulcan Materials by 24.3% in the first quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company’s stock valued at $215,000 after purchasing an additional 180 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. purchased a new stake in Vulcan Materials in the first quarter valued at approximately $11,875,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Trading Down 0.3%

VMC stock opened at $295.37 on Monday. The company has a market capitalization of $39.02 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The company’s 50 day moving average price is $296.12 and its two-hundred day moving average price is $273.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67.

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

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be issued a $0.49 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is currently 27.37%.

Insider Activity

In other news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were 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 in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Wells Fargo & Company raised shares of Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating and issued a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Barclays raised their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada lowered their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $308.58.

Vulcan Materials 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.