National Pension Service lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC – Free Report) by 5.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 205,243 shares of the construction company’s stock after acquiring an additional 10,168 shares during the period. National Pension Service’s holdings in Vulcan Materials were worth $60,549,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in VMC. Burkett Financial Services LLC bought a new position in Vulcan Materials during the second quarter worth about $25,000. Meeder Asset Management Inc. grew its holdings in Vulcan Materials by 71.7% during the first 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 period. Birchwood Financial Partners Inc. bought a new stake in Vulcan Materials in the fourth quarter valued at approximately $29,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials in the third quarter worth $30,000. Finally, Reflection Asset Management bought a new position in shares of Vulcan Materials during the fourth quarter worth $37,000. 90.39% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In other news, SVP David Clement sold 2,000 shares of Vulcan Materials stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares of the company’s stock, valued at $1,914,731.60. This trade represents a 22.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J. Hill sold 14,000 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares in the company, valued at approximately $16,075,579.53. The trade was a 19.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 18,212 shares of company stock valued at $5,083,125. Corporate insiders own 0.65% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on Vulcan Materials
Vulcan Materials Trading Up 1.1%
Shares of NYSE:VMC opened at $253.24 on Friday. The company’s 50-day moving average price is $277.82 and its two-hundred day moving average price is $282.28. Vulcan Materials Company has a one year low of $246.20 and a one year high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The stock has a market capitalization of $32.81 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05.
Vulcan Materials (NYSE:VMC – Get Free Report) last released its 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 return on equity of 13.05% and a net margin of 13.75%.The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the business earned $2.42 earnings per share. Vulcan Materials’s quarterly revenue was up 2.5% on a year-over-year basis. On average, equities analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.
Vulcan Materials Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th were issued a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, August 13th. Vulcan Materials’s payout ratio is presently 24.56%.
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE:VMC) is a major U.S. producer and supplier of construction materials. The company’s primary business is aggregates, including crushed stone, sand and gravel, which are used in roads, bridges, buildings and other infrastructure projects.
Vulcan also produces and distributes asphalt and ready-mixed concrete, as well as calcium products used in construction, industrial and other applications. Its products are sold to public-sector customers, contractors, commercial developers and other businesses involved in construction and infrastructure development.
Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials has expanded through organic growth and acquisitions to operate production facilities, distribution terminals and related assets across much of the United States.
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