Aviva PLC Acquires 6,208 Shares of Vulcan Materials Company $VMC

Aviva PLC lifted its stake in Vulcan Materials Company (NYSE:VMC) by 6.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,459 shares of the construction company’s stock after purchasing an additional 6,208 shares during the period. Aviva PLC’s holdings in Vulcan Materials were worth $25,680,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. ORG Partners LLC raised its stake in Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after buying an additional 44 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of Vulcan Materials during the 2nd quarter worth approximately $32,000. Concord Wealth Partners bought a new position in shares of Vulcan Materials in the 2nd quarter worth approximately $33,000. Manchester Capital Management LLC lifted its stake in shares of Vulcan Materials by 26.9% in 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 period. Finally, Steph & Co. purchased a new stake in Vulcan Materials in the second quarter worth about $55,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the subject of several recent research reports. Morgan Stanley lowered their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a report on Monday, July 28th. JPMorgan Chase & Co. lifted their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Citigroup cut their target price on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Raymond James Financial raised their price target on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $317.58.

Vulcan Materials Trading Up 0.5%

Shares of NYSE:VMC opened at $287.62 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $311.74. The company has a market cap of $38.00 billion, a P/E ratio of 40.17, a PEG ratio of 2.39 and a beta of 0.95. The stock’s fifty day moving average price is $296.24 and its 200-day moving average price is $279.55.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.Vulcan Materials’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.22 EPS. Sell-side analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is 23.28%.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 5,818 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total value of $1,700,368.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David P. Clement sold 698 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the sale, the senior vice president owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.62% of the company’s stock.

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.