CVA Family Office LLC Increases Stock Position in Vulcan Materials Company $VMC

CVA Family Office LLC grew its stake in Vulcan Materials Company (NYSE:VMC) by 15.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 332 shares of the construction company’s stock after acquiring an additional 44 shares during the period. CVA Family Office LLC’s holdings in Vulcan Materials were worth $87,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in the stock. ORG Partners LLC increased its holdings in Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after purchasing an additional 44 shares during the last quarter. Concord Wealth Partners purchased a new position in shares of Vulcan Materials during the second quarter worth $33,000. Manchester Capital Management LLC grew its stake in shares of Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares in the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Vulcan Materials in the 1st quarter valued at $45,000. Finally, Steph & Co. acquired a new position in Vulcan Materials during the 2nd quarter worth about $55,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the subject of several recent research reports. Royal Bank Of Canada lowered their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Weiss Ratings reiterated 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 report on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating and set a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $313.17.

Insider Activity

In related news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. This trade represents a 19.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

Vulcan Materials Stock Up 0.2%

VMC stock opened at $292.63 on Friday. The stock has a market cap of $38.66 billion, a P/E ratio of 40.87, a PEG ratio of 2.37 and a beta of 0.92. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $311.74. The company’s 50 day moving average is $296.37 and its two-hundred day moving average is $275.60.

Vulcan Materials (NYSE:VMC) last announced 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). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business earned $2.35 earnings per share. Vulcan Materials’s revenue was up 4.4% compared to the same quarter last year. Research analysts expect 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. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s payout ratio is presently 27.37%.

About Vulcan Materials

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.