iSAM Funds UK Ltd Buys New Shares in Vulcan Materials Company $VMC

iSAM Funds UK Ltd bought a new position in shares of Vulcan Materials Company (NYSE:VMCFree Report) during the 2nd quarter, Holdings Channel.com reports. The firm bought 2,960 shares of the construction company’s stock, valued at approximately $873,000.

A number of other hedge funds have also recently added to or reduced their stakes in VMC. BlackRock Inc. acquired a new position in shares of Vulcan Materials during the 2nd quarter valued at about $2,868,444,000. Bank of America Corp DE acquired a new stake in shares of Vulcan Materials in the second quarter worth approximately $688,580,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Vulcan Materials in the second quarter worth approximately $451,119,000. Norges Bank acquired a new stake in shares of Vulcan Materials in the fourth quarter worth approximately $383,613,000. Finally, Stockbridge Partners LLC purchased a new stake in Vulcan Materials in the second quarter valued at approximately $314,470,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 1.7%

VMC opened at $264.00 on Thursday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The firm has a 50 day moving average price of $284.35 and a 200 day moving average price of $284.73. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. The company has a market cap of $34.21 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05.

Vulcan Materials (NYSE:VMCGet Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The firm had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the company posted $2.42 earnings per share. Vulcan Materials’s revenue was up 2.5% compared to the same quarter last year. Sell-side analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th were issued a dividend of $0.52 per share. The ex-dividend date was Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is presently 24.56%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director J Thomas Hill sold 14,000 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the sale, the director directly owned 58,209 shares of the company’s stock, valued at approximately $16,075,579.53. This trade represents a 19.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 18,212 shares of company stock worth $5,083,125 in the last 90 days. Company insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the subject of several research analyst reports. Raymond James Financial reaffirmed an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Citigroup lowered their price objective on shares of Vulcan Materials from $355.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. UBS Group dropped their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Finally, Wells Fargo & Company reduced their target price on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $328.64.

Read Our Latest Report on Vulcan Materials

Vulcan Materials Profile

(Free Report)

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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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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