Sanctuary Advisors LLC purchased a new stake in Vulcan Materials Company (NYSE:VMC – Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 20,906 shares of the construction company’s stock, valued at approximately $6,167,000.
Several other hedge funds also recently bought and sold shares of the company. Burkett Financial Services LLC purchased a new stake in shares of Vulcan Materials in the second quarter worth $25,000. Meeder Asset Management Inc. grew its position in Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after buying an additional 43 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new position in Vulcan Materials during the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new position in Vulcan Materials in the 3rd quarter worth about $30,000. Finally, Concord Wealth Partners bought a new position in Vulcan Materials in the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Insiders Place Their Bets
In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the sale, the senior vice president owned 6,716 shares of the company’s stock, valued at $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by insiders.
Wall Street Analyst Weigh In
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Vulcan Materials Stock Down 0.1%
VMC opened at $275.87 on Tuesday. The business’s fifty day simple moving average is $288.85 and its 200 day simple moving average is $287.23. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock has a market cap of $35.75 billion, a PE ratio of 32.57, a P/E/G ratio of 1.99 and a beta of 1.06.
Vulcan Materials (NYSE:VMC – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the previous year, the company posted $2.42 earnings per share. The company’s revenue was up 2.5% compared to the same quarter last year. As a group, research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.
Vulcan Materials Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Vulcan Materials’s payout ratio is presently 24.56%.
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.
Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.
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