Sumitomo Mitsui Trust Group Inc. Grows Stock Holdings in Vulcan Materials Company $VMC

Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 2.3% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,713 shares of the construction company’s stock after buying an additional 6,906 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.23% of Vulcan Materials worth $78,954,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC boosted its position in Vulcan Materials by 21.0% during the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company’s stock worth $222,000 after purchasing an additional 165 shares during the period. GAMMA Investing LLC boosted its position in shares of Vulcan Materials by 27.2% in the first quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock worth $398,000 after buying an additional 365 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of Vulcan Materials by 26.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,938 shares of the construction company’s stock worth $5,308,000 after buying an additional 4,140 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Vulcan Materials by 7.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 3,870 shares of the construction company’s stock worth $903,000 after acquiring an additional 281 shares during the period. Finally, Diversified Trust Co boosted its stake in shares of Vulcan Materials by 3.2% in the second quarter. Diversified Trust Co now owns 1,625 shares of the construction company’s stock valued at $424,000 after purchasing an additional 51 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 0.2%

Vulcan Materials stock opened at $292.63 on Monday. The firm’s 50-day moving average is $296.37 and its 200-day moving average is $275.85. 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 Company has a 1 year low of $215.08 and a 1 year high of $311.74. The company 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.

Vulcan Materials (NYSE:VMC) last issued 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). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the business earned $2.35 EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, equities analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be paid 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%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VMC. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Citigroup reiterated a “buy” rating and set a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Finally, Raymond James Financial increased their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Two 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.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $313.17.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 698 shares of Vulcan Materials 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 sale, the senior vice president owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.61% of the stock is currently owned by corporate 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.