26,900 Shares in Vulcan Materials Company $VMC Purchased by Adams Natural Resources Fund Inc.

Key Points

• Adams Natural Resources Fund Inc. has purchased 26,900 shares of Vulcan Materials Company, valued at approximately $7,016,000, making it the fund's 22nd largest holding.
• Vulcan Materials has received various ratings from analysts, with JPMorgan raising the target price to $340, while the consensus rating remains a "Moderate Buy".
• The company announced a quarterly dividend of $0.49 per share, set to be paid on November 25th, representing a yield of 0.7%.

Adams Natural Resources Fund Inc. purchased a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 26,900 shares of the construction company's stock, valued at approximately $7,016,000. Vulcan Materials accounts for about 1.1% of Adams Natural Resources Fund Inc.'s holdings, making the stock its 22nd largest holding.

A number of other institutional investors have also modified their holdings of VMC. ORG Partners LLC boosted its holdings in shares of Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company's stock valued at $25,000 after buying an additional 44 shares in the last quarter. Concord Wealth Partners acquired a new stake in Vulcan Materials during the 2nd quarter valued at approximately $33,000. Manchester Capital Management LLC lifted its stake in Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after acquiring an additional 39 shares during the period. Wayfinding Financial LLC acquired a new stake in Vulcan Materials during the 1st quarter valued at approximately $45,000. Finally, Steph & Co. acquired a new stake in Vulcan Materials during the 2nd quarter valued at approximately $55,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VMC has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an "overweight" rating in a report on Tuesday. Royal Bank Of Canada lowered their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a research note on Friday, August 1st. Wells Fargo & Company raised shares of Vulcan Materials to a "hold" rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Finally, Barclays lifted their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the stock an "overweight" rating in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $313.17.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the firm's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the transaction, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company's stock.

Vulcan Materials Stock Up 0.9%

VMC stock opened at $298.01 on Wednesday. The company's 50 day moving average price is $296.44 and its 200 day moving average price is $274.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74. The firm has a market capitalization of $39.37 billion, a price-to-earnings ratio of 41.62, a PEG ratio of 2.41 and a beta of 0.92.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm had revenue of $2.10 billion for the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be given a $0.49 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials's dividend payout ratio is presently 27.37%.

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.

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