Vontobel Holding Ltd. Has $265.90 Million Position in Vulcan Materials Company $VMC

Vontobel Holding Ltd. cut its stake in shares of Vulcan Materials Company (NYSE:VMC) by 14.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,019,470 shares of the construction company’s stock after selling 172,051 shares during the quarter. Vontobel Holding Ltd.’s holdings in Vulcan Materials were worth $265,898,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ORG Partners LLC grew its holdings in shares of Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after purchasing an additional 44 shares during the last quarter. Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials during the 1st quarter valued at approximately $27,000. Manchester Capital Management LLC grew its holdings in shares of Vulcan Materials by 26.9% during the 1st 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 during the last quarter. Wayfinding Financial LLC bought a new stake in shares of Vulcan Materials during the 1st quarter valued at approximately $45,000. Finally, Steph & Co. bought a new stake in shares of Vulcan Materials during the 2nd quarter valued at approximately $55,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Up 1.2%

NYSE:VMC opened at $304.43 on Thursday. The firm’s fifty day moving average is $293.20 and its 200-day moving average is $270.02. 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 Company has a 52 week low of $215.08 and a 52 week high of $309.17. The firm has a market cap of $40.22 billion, a P/E ratio of 42.52, a P/E/G ratio of 2.46 and a beta of 0.92.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The firm had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the prior year, the company posted $2.35 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 14th. Vulcan Materials’s dividend payout ratio is currently 27.37%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the company’s 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 sale, the senior vice president directly owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This represents a 19.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a report on Wednesday. Morgan Stanley decreased their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Wells Fargo & Company initiated coverage on shares of Vulcan Materials in a report on Tuesday. They set an “equal weight” rating and a $311.00 target price on the stock. Finally, Citigroup reissued a “buy” rating and set a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $308.58.

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.