Callan Family Office LLC Increases Stock Holdings in Vulcan Materials Company $VMC

Key Points

• Callan Family Office LLC increased its stake in Vulcan Materials Company (VMC) by 166.4% during the 2nd quarter, bringing its total holdings to 5,379 shares valued at approximately $1.4 million.
• In addition to Callan, several hedge funds like ORG Partners and Manchester Capital have also raised their stakes in Vulcan Materials, indicating strong institutional interest as 90.39% of the stock is owned by hedge funds and institutional investors.
• The company recently announced a quarterly dividend of $0.49, which will be paid on November 25th, representing a dividend yield of 0.7%.

Callan Family Office LLC lifted its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 166.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 5,379 shares of the construction company's stock after buying an additional 3,360 shares during the quarter. Callan Family Office LLC's holdings in Vulcan Materials were worth $1,403,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of VMC. ORG Partners LLC raised its holdings in shares of Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company's stock valued at $25,000 after buying an additional 44 shares during the period. Opal Wealth Advisors LLC purchased a new stake in shares of Vulcan Materials during the 1st quarter valued at about $27,000. Manchester Capital Management LLC raised its holdings in shares of Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after buying an additional 39 shares during the period. Wayfinding Financial LLC purchased a new stake in shares of Vulcan Materials during the 1st quarter valued at about $45,000. Finally, Rakuten Securities Inc. acquired a new stake in Vulcan Materials during the 1st quarter valued at approximately $54,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 698 shares of the business's stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the transaction, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. The trade was a 19.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.61% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of recent analyst reports. Wells Fargo & Company upgraded Vulcan Materials to a "hold" rating in a research note on Wednesday, October 8th. Morgan Stanley lowered their price objective on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research note on Monday, July 28th. Royal Bank Of Canada lowered their price objective on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Weiss Ratings restated a "buy (b-)" rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Finally, Citigroup restated a "buy" rating and set a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $308.58.

Vulcan Materials Price Performance

Shares of VMC opened at $301.48 on Monday. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.46 and a beta of 0.92. The stock has a 50 day moving average of $294.29 and a 200-day moving average of $271.33. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $309.17.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.20). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.Vulcan Materials's revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.35 EPS. 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 announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials's payout ratio is 27.37%.

Vulcan Materials Profile

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.

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