Bamco Inc. NY Takes $64.44 Million Position in Vulcan Materials Company $VMC

Bamco Inc. NY 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 SEC. The institutional investor purchased 218,448 shares of the construction company's stock, valued at approximately $64,444,000. Bamco Inc. NY owned 0.17% of Vulcan Materials as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Atria Investments Inc increased its position in shares of Vulcan Materials by 54.1% during the 4th quarter. Atria Investments Inc now owns 12,334 shares of the construction company's stock valued at $3,518,000 after purchasing an additional 4,331 shares during the last quarter. SCS Capital Management LLC bought a new stake in Vulcan Materials in the 2nd quarter worth approximately $19,628,000. BlackRock Inc. bought a new stake in Vulcan Materials in the 2nd quarter worth approximately $2,868,444,000. Westfield Capital Management Co. LP lifted its position in Vulcan Materials by 7.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company's stock worth $72,459,000 after buying an additional 17,488 shares during the last quarter. Finally, Palmer Knight Co purchased a new stake in Vulcan Materials in the second quarter worth approximately $9,458,000. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In related news, SVP David P. Clement sold 2,000 shares of Vulcan Materials 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. The trade was a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.65% of the stock is owned by insiders.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $273.79 on Thursday. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The company has a 50-day moving average price of $287.90 and a 200-day moving average price of $286.71. The company has a market cap of $35.48 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 1.97 and a beta of 1.06. 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 posted its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period last year, the firm earned $2.42 earnings per share. Vulcan Materials's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be paid 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 yield of 0.8%. Vulcan Materials's dividend payout ratio (DPR) is presently 24.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. UBS Group cut their price objective on shares of Vulcan Materials from $350.00 to $349.00 and set a "buy" rating for the company in a research note on Wednesday, July 8th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a "hold" rating in a research report on Tuesday, June 2nd. Royal Bank Of Canada boosted their price target 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. DA Davidson initiated coverage on shares of Vulcan Materials in a research report on Tuesday. They set a "buy" rating and a $330.00 price target for the company. Finally, Citigroup cut their price target 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. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $328.64.

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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