Caisse de depot et placement du Quebec Acquires New Position in Vulcan Materials Company $VMC

Caisse de depot et placement du Quebec acquired a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 34,589 shares of the construction company's stock, valued at approximately $10,204,000.

A number of other large investors have also recently bought and sold shares of VMC. Burkett Financial Services LLC bought a new position in Vulcan Materials during the 2nd quarter worth $25,000. Meeder Asset Management Inc. lifted its stake in Vulcan Materials by 71.7% in the first 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 during the last quarter. Birchwood Financial Partners Inc. bought a new stake in Vulcan Materials in the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Vulcan Materials during the third quarter valued at $30,000. Finally, Reflection Asset Management acquired a new position in shares of Vulcan Materials during the fourth quarter valued at $37,000. Institutional investors own 90.39% of the company's stock.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the company's stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 6,716 shares of the company's stock, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.65% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VMC. UBS Group dropped their price objective on shares of Vulcan Materials from $350.00 to $349.00 and set a "buy" rating on the stock in a report on Wednesday, July 8th. Raymond James Financial reissued an "outperform" rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. Wells Fargo & Company decreased their target price on shares of Vulcan Materials from $310.00 to $305.00 and set an "equal weight" rating for the company in a research report on Wednesday, July 8th. Berenberg Bank set a $283.00 price target on shares of Vulcan Materials and gave the company a "hold" rating in a research note on Tuesday, June 2nd. Finally, Oppenheimer started coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They issued a "market perform" rating on the stock. 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 company currently has an average rating of "Moderate Buy" and an average target price of $328.64.

Vulcan Materials Trading Up 0.5%

Shares of VMC stock opened at $275.11 on Friday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The firm has a market capitalization of $35.65 billion, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. The stock has a fifty day moving average of $286.74 and a two-hundred day moving average of $286.28. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly 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. 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 company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same period last year, the company earned $2.42 earnings per share. As a group, research analysts expect that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend 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 presently 24.56%.

About Vulcan Materials

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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