University of Texas Texas AM Investment Management Co. Makes New Investment in Vulcan Materials Company $VMC

University of Texas Texas AM Investment Management Co. purchased a new position in Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 238 shares of the construction company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Principal Financial Group Inc. boosted its stake in Vulcan Materials by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock worth $1,518,291,000 after purchasing an additional 445,691 shares during the period. Jones Financial Companies Lllp increased its position in shares of Vulcan Materials by 11,723.8% during the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock valued at $99,278,000 after buying an additional 421,939 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Vulcan Materials by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after buying an additional 370,434 shares in the last quarter. Nuveen LLC bought a new position in shares of Vulcan Materials in the first quarter valued at approximately $82,659,000. Finally, Vanguard Group Inc. grew its stake in Vulcan Materials by 2.1% during the first quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after acquiring an additional 347,155 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VMC has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased 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. Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Barclays lifted their price objective on Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. Raymond James Financial boosted their target price on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a report on Wednesday, October 8th. 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. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus target price of $313.17.

Vulcan Materials Price Performance

VMC opened at $292.63 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $38.66 billion, a P/E ratio of 40.87, a PEG ratio of 2.37 and a beta of 0.92. The stock has a 50-day moving average price of $296.37 and a 200-day moving average price of $275.60. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74.

Vulcan Materials (NYSE:VMC) last released its earnings results 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). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the firm earned $2.35 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Equities analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the business’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 2,832 shares of the company’s stock, valued at $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by insiders.

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.