B & T Capital Management DBA Alpha Capital Management Makes New Investment in Vulcan Materials Company $VMC

Key Points

• Alpha Capital Management initiated a position in Vulcan Materials by purchasing 20,905 shares valued at approximately $6.17 million. Institutional investors collectively own 90.39% of the company.
• Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $327.93. The stock recently traded at $278.49, down 1.2%.
• Vulcan Materials exceeded quarterly earnings and revenue expectations, reporting $2.59 in EPS and $2.16 billion in revenue. The company also declared a quarterly dividend of $0.52 per share, implying a 0.7% yield.

B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 20,905 shares of the construction company's stock, valued at approximately $6,167,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Burkett Financial Services LLC acquired a new stake in shares of Vulcan Materials in the 2nd quarter worth $25,000. Measured Wealth Private Client Group LLC purchased a new position in Vulcan Materials during the 3rd quarter worth $30,000. Birchwood Financial Partners Inc. acquired a new position in Vulcan Materials during the 4th quarter valued at about $29,000. 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 buying an additional 43 shares in the last quarter. Finally, Godsey & Gibb Inc. purchased a new stake in Vulcan Materials in the fourth quarter valued at about $30,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. UBS Group lowered their price target on Vulcan Materials from $350.00 to $349.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a "hold" rating in a report on Tuesday, June 2nd. Raymond James Financial reaffirmed an "outperform" rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Oppenheimer started coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They issued a "market perform" rating for the company. Finally, Wells Fargo & Company dropped their target price on shares of Vulcan Materials from $310.00 to $305.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $327.93.

Vulcan Materials Trading Down 1.2%

Vulcan Materials stock opened at $278.49 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a market capitalization of $36.09 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. The stock has a 50-day moving average price of $289.69 and a 200 day moving average price of $288.26.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating 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 firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter in the prior year, the firm earned $2.42 earnings per share. Vulcan Materials's revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current 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 issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials's dividend payout ratio is 24.56%.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the sale, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by insiders.

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.

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC - Free Report).

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