2,577 Shares in Vulcan Materials Company $VMC Acquired by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC acquired 2,577 shares of Vulcan Materials, valued at approximately $672,000, increasing institutional ownership to 90.39% of the company's stock.
• Vulcan Materials reported earnings per share (EPS) of $2.45 for the last quarter, missing estimates by $0.20, while revenue was up 4.4% year-over-year but below analyst expectations.
• The company declared a quarterly dividend of $0.49 per share, payable on November 25th, alongside a payout ratio of 27.37%.

Exencial Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,577 shares of the construction company's stock, valued at approximately $672,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC grew its holdings in shares of Vulcan Materials by 21.0% during the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company's stock valued at $222,000 after acquiring an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Vulcan Materials by 42.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock worth $3,686,000 after acquiring an additional 4,678 shares in the last quarter. GAMMA Investing LLC boosted its position in Vulcan Materials by 27.2% during the first quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock valued at $398,000 after purchasing an additional 365 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in Vulcan Materials by 7.8% in the first quarter. Atria Wealth Solutions Inc. now owns 3,870 shares of the construction company's stock valued at $903,000 after purchasing an additional 281 shares in the last quarter. Finally, Diversified Trust Co grew its stake in Vulcan Materials by 3.2% in the second quarter. Diversified Trust Co now owns 1,625 shares of the construction company's stock valued at $424,000 after purchasing an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 698 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Vulcan Materials Stock Down 0.5%

Shares of VMC stock opened at $292.06 on Friday. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The firm has a market cap of $38.59 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 2.39 and a beta of 0.92. The stock has a 50 day moving average of $296.35 and a 200-day moving average of $274.79.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the previous year, the business posted $2.35 EPS. The company's revenue was up 4.4% on a year-over-year basis. On average, equities analysts predict that Vulcan Materials Company will post 8.69 EPS for the current 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 issued a dividend of $0.49 per share. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials's payout ratio is presently 27.37%.

Wall Street Analyst Weigh In

VMC has been the subject of several research reports. Royal Bank Of Canada reduced their price target on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Barclays lifted their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an "overweight" rating in a research note on Monday. Weiss Ratings reissued a "buy (b-)" rating on shares of Vulcan Materials in a research report on Wednesday, October 8th. Raymond James Financial raised their price target on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday. Finally, Citigroup reiterated a "buy" rating and issued a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. 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 stock. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of "Moderate Buy" and an average price target of $313.17.

Vulcan Materials Company Profile

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.

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.