B. Metzler seel. Sohn & Co. AG Takes Position in Vulcan Materials Company $VMC

Key Points

• B. Metzler seel. Sohn & Co. AG initiated a position in Vulcan Materials by purchasing 10,878 shares valued at approximately $3.2 million. Institutional investors collectively own 90.39% of the company.
• Vulcan Materials reported quarterly EPS of $2.59, beating estimates of $2.46, while revenue rose 2.5% year over year to $2.16 billion.
• The company declared a quarterly dividend of $0.52 per share, representing an annualized payout of $2.08 and a 0.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $327.93.

B. Metzler seel. Sohn & Co. AG acquired a new position in Vulcan Materials Company (NYSE:VMC - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,878 shares of the construction company's stock, valued at approximately $3,209,000.

A number of other institutional investors also recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Vulcan Materials in the fourth quarter worth about $497,000. NewEdge Advisors LLC raised its stake in Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company's stock worth $1,017,000 after acquiring an additional 163 shares during the period. Empowered Funds LLC raised its stake in Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company's stock worth $745,000 after acquiring an additional 190 shares during the period. Focus Partners Wealth lifted its holdings in Vulcan Materials by 28.5% during the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company's stock valued at $775,000 after purchasing an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Vulcan Materials by 31.5% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company's stock valued at $78,000 after purchasing an additional 80 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $275.48 on Friday. The firm has a market cap of $35.70 billion, a PE ratio of 32.52, a PEG ratio of 1.99 and a beta of 1.06. The stock has a 50 day moving average of $289.19 and a 200 day moving average of $287.61. 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 12 month low of $252.35 and a 12 month high of $331.09.

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

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials's dividend payout ratio (DPR) is 24.56%.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of Vulcan Materials stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company's stock, valued at $2,547,599.64. This trade represents a 20.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Vulcan Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a report on Thursday, April 30th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Oppenheimer started coverage on Vulcan Materials in a report on Thursday, May 28th. They set a "market perform" rating on the stock. Finally, Stephens boosted their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of "Moderate Buy" and an average price target of $327.93.

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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