3,739 Shares in Vulcan Materials Company $VMC Acquired by Focus Partners Advisor Solutions LLC

Key Points

• Focus Partners Advisor Solutions acquired 3,739 shares of Vulcan Materials in the second quarter, valued at approximately $1.1 million. Institutional investors collectively own 90.39% of the company.
• Vulcan Materials exceeded quarterly expectations, reporting $2.59 in EPS and $2.16 billion in revenue, with revenue rising 2.5% year over year.
• The company declared a quarterly dividend of $0.52 per share, equivalent to an annualized $2.08 payout and a 0.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $327.93.

Focus Partners Advisor Solutions LLC bought a new position in Vulcan Materials Company (NYSE:VMC - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 3,739 shares of the construction company's stock, valued at approximately $1,103,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burkett Financial Services LLC bought a new stake in shares of Vulcan Materials in the second quarter valued at about $25,000. Meeder Asset Management Inc. increased its position in Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company's stock valued at $28,000 after purchasing an additional 43 shares during the period. Birchwood Financial Partners Inc. bought a new stake in shares of Vulcan Materials in the 4th quarter valued at about $29,000. Godsey & Gibb Inc. bought a new stake in shares of Vulcan Materials in the 4th quarter valued at about $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in shares of Vulcan Materials in the 3rd quarter valued at about $30,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Trading Down 0.1%

NYSE:VMC opened at $281.74 on Monday. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The firm has a 50 day moving average of $289.52 and a 200 day moving average of $288.40. 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 capitalization of $36.51 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 2.03 and a beta of 1.06.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the firm earned $2.42 earnings per share. Vulcan Materials's revenue was up 2.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share 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 $0.52 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials's dividend payout ratio (DPR) is presently 24.56%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the business's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the transaction, the senior vice president directly owned 6,716 shares in the company, valued at $1,914,731.60. The trade was a 22.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Oppenheimer began coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They set a "market perform" rating on the stock. Barclays upped their target price on Vulcan Materials from $296.00 to $340.00 and gave the stock an "overweight" rating in a report on Thursday, April 30th. Royal Bank Of Canada increased their target price on Vulcan Materials from $293.00 to $300.00 and gave the company a "sector perform" rating in a research report on Thursday, July 30th. Stephens lifted their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an "overweight" rating in a report on Thursday, April 30th. Finally, Citigroup reduced their price target on Vulcan Materials from $355.00 to $350.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $327.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source