Impact Investors Inc Reduces Stock Position in Vulcan Materials Company $VMC

Impact Investors Inc reduced its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 17.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,303 shares of the construction company’s stock after selling 279 shares during the quarter. Impact Investors Inc’s holdings in Vulcan Materials were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Vulcan Materials by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after buying an additional 347,155 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Vulcan Materials by 5.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock valued at $1,625,583,000 after buying an additional 370,434 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Vulcan Materials by 7.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock valued at $1,518,291,000 after buying an additional 445,691 shares in the last quarter. Alkeon Capital Management LLC lifted its stake in shares of Vulcan Materials by 4.4% during the 1st quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company’s stock valued at $312,236,000 after buying an additional 56,345 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in Vulcan Materials by 4.4% in the 1st quarter. Invesco Ltd. now owns 1,214,868 shares of the construction company’s stock worth $283,429,000 after purchasing an additional 50,968 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Morgan Stanley lowered their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Monday, July 28th. Citigroup reiterated a “buy” rating and issued a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Saturday, September 27th. Royal Bank Of Canada lowered their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Vulcan Materials currently has an average rating of “Buy” and an average price target of $308.36.

Insider Buying and Selling

In related news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the transaction, the senior vice president 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by insiders.

Vulcan Materials Price Performance

VMC stock opened at $305.13 on Friday. The firm has a market cap of $40.31 billion, a P/E ratio of 42.62, a P/E/G ratio of 2.48 and a beta of 0.92. The firm’s fifty day moving average is $291.36 and its 200 day moving average is $268.67. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $309.17. 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 issued its earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates 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%.Vulcan Materials’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.35 EPS. Research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, August 14th. Vulcan Materials’s dividend payout ratio (DPR) is presently 27.37%.

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.