Aberdeen Group plc Grows Holdings in Vulcan Materials Company $VMC

Key Points

• Aberdeen Group plc increased its stake in Vulcan Materials Company by 3.9% during the second quarter, owning 110,666 shares valued at approximately $29.25 million.
• Vulcan Materials recently declared a quarterly dividend of $0.49 per share to be paid on November 25th, resulting in an annualized dividend yield of 0.7%.
• Analysts have rated Vulcan Materials with a consensus of Moderate Buy and an average target price of $308.58, with several firms recently adjusting their price targets for the stock.

Aberdeen Group plc grew its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 110,666 shares of the construction company's stock after buying an additional 4,126 shares during the quarter. Aberdeen Group plc owned 0.08% of Vulcan Materials worth $29,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC boosted its stake in shares of Vulcan Materials by 86.3% during 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 during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of Vulcan Materials during the 1st quarter valued at approximately $27,000. Manchester Capital Management LLC boosted its stake in shares of 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 buying an additional 39 shares during the last quarter. Wayfinding Financial LLC purchased a new position in shares of Vulcan Materials during the 1st quarter valued at approximately $45,000. Finally, Steph & Co. purchased a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $55,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMC has been the topic of several research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Vulcan Materials in a research report on Wednesday, October 8th. Morgan Stanley dropped their price target on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Monday, July 28th. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $285.00 to $330.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Wells Fargo & Company raised Vulcan Materials to a "hold" rating in a research report on Wednesday, October 8th. Finally, Barclays upped their price target on Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $308.58.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $301.48 on Monday. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $309.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The business's fifty day moving average price is $294.29 and its two-hundred day moving average price is $271.33. The firm has a market capitalization of $39.83 billion, a PE ratio of 42.11, a P/E/G ratio of 2.46 and a beta of 0.92.

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

Vulcan Materials Dividend Announcement

The firm also recently declared 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. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials's dividend payout ratio (DPR) is 27.37%.

Insider Activity 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 transaction of $208,394.88. Following the transaction, the senior vice president directly owned 2,832 shares of the company's stock, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company's stock.

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.

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.