Pinnacle Wealth Planning Services Inc. Takes $245,000 Position in Vulcan Materials Company $VMC

Pinnacle Wealth Planning Services Inc. bought a new position in shares of Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 940 shares of the construction company’s stock, valued at approximately $245,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC acquired a new position in shares of Vulcan Materials during the fourth quarter worth $497,000. Teachers Retirement System of The State of Kentucky raised its position in Vulcan Materials by 3.2% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 10,151 shares of the construction company’s stock worth $2,369,000 after purchasing an additional 313 shares during the last quarter. Allianz Asset Management GmbH raised its position in Vulcan Materials by 21.2% during the 1st quarter. Allianz Asset Management GmbH now owns 13,091 shares of the construction company’s stock worth $3,054,000 after purchasing an additional 2,286 shares during the last quarter. HighPoint Advisor Group LLC lifted its holdings in Vulcan Materials by 11.7% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,174 shares of the construction company’s stock worth $533,000 after buying an additional 227 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in shares of Vulcan Materials by 1.8% in the 1st quarter. KLP Kapitalforvaltning AS now owns 45,789 shares of the construction company’s stock valued at $10,683,000 after buying an additional 800 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

Shares of VMC opened at $284.32 on Thursday. The firm has a market cap of $37.57 billion, a PE ratio of 39.71, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $311.74. The business’s 50 day moving average price is $295.22 and its two-hundred day moving average price is $281.17. 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 (NYSE:VMC) last announced its quarterly earnings data 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 net margin of 12.52% and a return on equity of 12.81%. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the firm posted $2.22 EPS. The company’s quarterly revenue was up 14.4% on a year-over-year basis. On average, equities analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 23.28%.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was 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 in the company, valued at $845,521.92. This trade represents a 19.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Thompson S. Baker II sold 5,818 shares of the business’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total value of $1,700,368.68. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 11,369 shares of company stock worth $3,343,456 in the last three months. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the subject of several recent research reports. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Morgan Stanley decreased their target price on shares of 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. boosted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Raymond James Financial upped 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. Finally, Citigroup decreased their price objective on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $317.58.

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.