B. Metzler seel. Sohn & Co. AG Raises Stake in Vulcan Materials Company $VMC

B. Metzler seel. Sohn & Co. AG raised its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 61.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,878 shares of the construction company's stock after acquiring an additional 4,125 shares during the period. B. Metzler seel. Sohn & Co. AG's holdings in Vulcan Materials were worth $3,209,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in VMC. BlackRock Inc. acquired a new stake in Vulcan Materials in the second quarter valued at $2,868,444,000. Bank of America Corp DE purchased a new stake in Vulcan Materials in the 2nd quarter valued at approximately $688,580,000. The Manufacturers Life Insurance Company purchased a new stake in Vulcan Materials in the 2nd quarter valued at approximately $451,119,000. Norges Bank acquired a new stake in Vulcan Materials during the 4th quarter valued at $383,613,000. Finally, Stockbridge Partners LLC acquired a new stake in Vulcan Materials during the 2nd quarter valued at $314,470,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

VMC has been the subject of a number of recent research reports. 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 research report on Wednesday, July 8th. Raymond James Financial reiterated an "outperform" rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Citigroup cut 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 report on Thursday, July 30th. Royal Bank Of Canada lifted their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the stock a "sector perform" rating in a research note on Thursday, July 30th. Finally, Oppenheimer initiated coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They issued a "market perform" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $328.64.

Vulcan Materials Stock Performance

NYSE:VMC opened at $262.93 on Friday. The firm's fifty day simple moving average is $282.33 and its 200 day simple moving average is $284.11. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09. The firm has a market capitalization of $34.07 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.34 and a beta of 1.05.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.46 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company posted $2.42 earnings per share. As a group, equities research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 13th. Vulcan Materials's dividend payout ratio is presently 24.56%.

Insider Activity

In related news, Director J. Hill sold 14,000 shares of the business's stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the transaction, the director owned 58,209 shares in the company, valued at approximately $16,075,579.53. The trade was a 19.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David P. Clement sold 2,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the transaction, the senior vice president directly owned 6,716 shares of the company's stock, valued at $1,914,731.60. This represents a 22.95% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 18,212 shares of company stock valued at $5,083,125 over the last 90 days. Insiders own 0.65% of the company's stock.

Vulcan Materials 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.

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