Blair William & Co. IL Trims Stake in Vulcan Materials Company (NYSE:VMC)

Key Points

• Blair William & Co. IL reduced its holdings in Vulcan Materials Company by 2.1%, selling 1,577 shares to end the quarter with 73,828 shares valued at approximately $17.2 million.
• Vulcan Materials reported earnings of $2.45 per share for the latest quarter, missing analysts' expectations of $2.65, and had revenue of $2.10 billion, short of the $2.23 billion consensus estimate.
• The company announced a quarterly dividend of $0.49 per share, representing an annualized yield of 0.7%, which will be paid on September 3rd to investors recorded on August 14th.

Blair William & Co. IL lessened its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 2.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,828 shares of the construction company's stock after selling 1,577 shares during the quarter. Blair William & Co. IL owned approximately 0.06% of Vulcan Materials worth $17,224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of Vulcan Materials in the first quarter valued at about $27,000. Kapitalo Investimentos Ltda bought a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $35,000. Fourth Dimension Wealth LLC purchased a new stake in Vulcan Materials in the fourth quarter worth $46,000. Manchester Capital Management LLC boosted its holdings in Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after acquiring an additional 39 shares in the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Vulcan Materials during the 1st quarter valued at $45,000. Institutional investors own 90.39% of the company's stock.

Insider Activity

In related news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the sale, the senior vice president owned 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is currently owned by company insiders.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock traded up $5.60 during trading on Friday, hitting $287.70. 261,336 shares of the company's stock traded hands, compared to its average volume of 1,061,830. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $298.31. The business has a 50-day simple moving average of $266.62 and a 200-day simple moving average of $257.98. 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 stock has a market capitalization of $38.01 billion, a P/E ratio of 40.17, a PEG ratio of 2.30 and a beta of 0.83.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced 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 company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The business's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.35 earnings per share. As a group, analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 14th. Vulcan Materials's dividend payout ratio (DPR) is 27.37%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VMC. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and raised their target price for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Argus upgraded Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Barclays upped their price target on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Finally, Stephens set a $315.00 price objective on Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $304.27.

About Vulcan Materials

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.