Vulcan Materials Company $VMC Shares Sold by Blair William & Co. IL

Blair William & Co. IL trimmed its holdings in Vulcan Materials Company (NYSE:VMC) by 0.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,643 shares of the construction company’s stock after selling 185 shares during the period. Blair William & Co. IL owned 0.06% of Vulcan Materials worth $19,208,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC raised its position in shares of Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $27,000. Manchester Capital Management LLC raised its position in shares of Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $45,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $54,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Barclays increased their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. JPMorgan Chase & Co. raised their price target 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. Morgan Stanley decreased their price objective on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, July 28th. Royal Bank Of Canada decreased their price objective on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Finally, Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.58.

Insider Activity

In other news, SVP David P. Clement sold 698 shares of Vulcan Materials 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 transaction, the senior vice president owned 2,832 shares in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.62% of the company’s stock.

Vulcan Materials Trading Down 0.5%

NYSE VMC opened at $301.48 on Friday. The firm has a 50 day simple moving average of $294.29 and a 200-day simple moving average of $270.86. 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 one year low of $215.08 and a one year high of $309.17. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.47 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 the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the business posted $2.35 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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 paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is presently 27.37%.

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.