SCS Capital Management LLC Invests $19.63 Million in Vulcan Materials Company $VMC

SCS Capital Management LLC purchased a new stake in shares of Vulcan Materials Company (NYSE:VMCFree Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 66,533 shares of the construction company’s stock, valued at approximately $19,628,000.

Several other large investors have also recently modified their holdings of the stock. Burkett Financial Services LLC bought a new position in Vulcan Materials in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. grew its position in Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. Birchwood Financial Partners Inc. bought a new stake in Vulcan Materials during the 4th quarter valued at about $29,000. Godsey & Gibb Inc. bought a new stake in Vulcan Materials during the 4th quarter valued at about $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in Vulcan Materials in the third quarter worth about $30,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

VMC has been the topic of several analyst reports. Oppenheimer initiated coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Stephens raised their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wells Fargo & Company decreased their price objective on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday, June 2nd. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $327.93.

Check Out Our Latest Stock Analysis on Vulcan Materials

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $281.74 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. The firm has a market cap of $36.51 billion, a price-to-earnings ratio of 33.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. The business has a 50-day simple moving average of $289.52 and a two-hundred day simple moving average of $288.49. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMCGet Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm posted $2.42 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is 24.56%.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 2,212 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Company Profile

(Free Report)

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.

Further Reading

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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