Advisory Alpha LLC Makes New Investment in Vulcan Materials Company $VMC

Advisory Alpha LLC bought a new position in Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 908 shares of the construction company’s stock, valued at approximately $237,000.

Other large investors have also bought and sold shares of the company. ORG Partners LLC increased its position in Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after buying an additional 44 shares during the last quarter. Concord Wealth Partners purchased a new position in shares of Vulcan Materials in the second quarter valued at $33,000. Manchester Capital Management LLC grew its position 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 purchasing an additional 39 shares in the last quarter. Wayfinding Financial LLC purchased a new position in shares of Vulcan Materials in the first quarter valued at $45,000. Finally, Steph & Co. purchased a new position in shares of Vulcan Materials in the second quarter valued at $55,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $290.13 on Friday. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $311.74. The business has a 50-day simple moving average of $296.63 and a 200 day simple moving average of $277.08. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The stock has a market cap of $38.33 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.39 and a beta of 0.92.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, topping the consensus estimate of $2.72 by $0.12. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the business earned $2.22 earnings per share. The firm’s revenue was up 14.4% on a year-over-year basis. On average, research analysts forecast 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 dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Monday, November 10th. Vulcan Materials’s payout ratio is presently 27.37%.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the sale, the senior vice president 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted 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. Royal Bank Of Canada reduced 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. Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Morgan Stanley reduced 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. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $313.17.

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.