Vulcan Materials Company $VMC Shares Bought by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC boosted its position in shares of Vulcan Materials Company (NYSE:VMC) by 35.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,036 shares of the construction company’s stock after buying an additional 1,568 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Vulcan Materials were worth $1,574,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its stake 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 buying an additional 165 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 buying an additional 365 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Vulcan Materials by 26.2% during the 2nd 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 in the last quarter. Atria Wealth Solutions Inc. increased its stake in Vulcan Materials by 7.8% during the 1st quarter. Atria Wealth Solutions Inc. now owns 3,870 shares of the construction company’s stock worth $903,000 after buying an additional 281 shares in the last quarter. Finally, Diversified Trust Co increased its stake in Vulcan Materials by 3.2% during the 2nd quarter. Diversified Trust Co now owns 1,625 shares of the construction company’s stock worth $424,000 after buying an additional 51 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 0.2%

Shares of Vulcan Materials stock opened at $292.63 on Monday. The firm has a market capitalization of $38.66 billion, a price-to-earnings ratio of 40.87, a PEG ratio of 2.37 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. 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 stock has a 50 day moving average of $296.37 and a 200 day moving average of $275.85.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). The business had revenue of $2.10 billion during 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.35 earnings per share. As a group, research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.49 per share. 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 is 27.37%.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction 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 directly owned 2,832 shares in the company, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

VMC has been the subject of several research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Morgan Stanley dropped their price target on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on 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 report on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price target on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Two 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $313.17.

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.