Man Group plc acquired a new position in shares of Vulcan Materials Company (NYSE:VMC – Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 11,288 shares of the construction company’s stock, valued at approximately $3,330,000.
Several other large investors have also recently added to or reduced their stakes in VMC. Chesapeake Capital Corp IL grew its position in shares of Vulcan Materials by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after acquiring an additional 33 shares during the last quarter. Composition Wealth LLC boosted its stake in Vulcan Materials by 3.5% during the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after purchasing an additional 34 shares during the period. Truist Financial Corp grew its position in Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after purchasing an additional 38 shares during the last quarter. United Capital Financial Advisors LLC grew its position in Vulcan Materials by 1.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after purchasing an additional 38 shares during the last quarter. Finally, 4WEALTH Advisors Inc. increased its stake in shares of Vulcan Materials by 3.2% in the first quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock valued at $337,000 after purchasing an additional 39 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Vulcan Materials
In related news, Director J Thomas Hill sold 14,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares of the company’s stock, valued at $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 18,212 shares of company stock worth $5,083,125 in the last ninety days. Corporate insiders own 0.65% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Report on Vulcan Materials
Vulcan Materials Stock Performance
Shares of NYSE VMC opened at $269.62 on Tuesday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The firm has a market cap of $34.94 billion, a P/E ratio of 31.83, a PEG ratio of 1.98 and a beta of 1.06. The stock has a fifty day moving average price of $286.03 and a two-hundred day moving average price of $285.56. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76.
Vulcan Materials (NYSE:VMC – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.42 EPS. Research analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.
Vulcan Materials Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is 24.56%.
Vulcan Materials 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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