Koshinski Asset Management Inc. Raises Stock Holdings in Vulcan Materials Company $VMC

Koshinski Asset Management Inc. increased its stake in shares of Vulcan Materials Company (NYSE:VMC) by 16.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,575 shares of the construction company’s stock after purchasing an additional 218 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Vulcan Materials were worth $411,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VMC. Brighton Jones LLC purchased a new stake in shares of Vulcan Materials during the 4th quarter worth $497,000. GAMMA Investing LLC lifted its stake in shares of Vulcan Materials by 27.2% during the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock worth $398,000 after purchasing an additional 365 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Vulcan Materials by 42.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company’s stock worth $3,686,000 after purchasing an additional 4,678 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of Vulcan Materials by 24.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company’s stock worth $215,000 after purchasing an additional 180 shares during the last quarter. Finally, Whalen Wealth Management Inc. purchased a new stake in shares of Vulcan Materials during the 1st quarter worth $642,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Up 0.1%

Shares of VMC stock opened at $295.53 on Tuesday. The stock’s 50-day simple moving average is $296.33 and its 200-day simple moving average is $274.06. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The firm has a market capitalization of $39.05 billion, a PE ratio of 41.27, a P/E/G ratio of 2.41 and a beta of 0.92. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the company posted $2.35 earnings per share. Equities analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed 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 of this dividend is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 27.37%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VMC. Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Morgan Stanley reduced 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. Citigroup reaffirmed a “buy” rating and set a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Finally, Barclays upped their target price on Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $309.83.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the 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 directly owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This 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 the SEC website. Corporate insiders own 0.61% of the company’s stock.

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.