Callan Family Office LLC acquired a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 5,594 shares of the construction company's stock, valued at approximately $1,650,000.
Other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of Vulcan Materials in the second quarter worth $2,868,444,000. Norges Bank purchased a new stake in Vulcan Materials during the 4th quarter valued at $383,613,000. Egerton Capital UK LLP purchased a new stake in Vulcan Materials during the 4th quarter valued at $273,861,000. Bank of New York Mellon Corp bought a new stake in Vulcan Materials in the 2nd quarter worth $213,960,000. Finally, Deutsche Bank AG bought a new stake in Vulcan Materials in the 2nd quarter worth $208,673,000. Hedge funds and other institutional investors own 90.39% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on VMC. Barclays upped their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an "overweight" rating in a research note on Thursday, April 30th. Weiss Ratings restated a "buy (b-)" rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Citigroup lowered their price target on Vulcan Materials from $355.00 to $350.00 and set a "buy" rating for the company in a research report on Thursday, July 30th. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a "hold" rating in a report on Tuesday, June 2nd. Finally, Oppenheimer assumed coverage on Vulcan Materials in a research report on Thursday, May 28th. They issued a "market perform" rating on the stock. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $327.93.
Get Our Latest Stock Report on Vulcan Materials
Vulcan Materials Stock Down 0.2%
Shares of NYSE VMC opened at $275.48 on Monday. The firm has a fifty day simple moving average of $289.19 and a two-hundred day simple moving average of $287.48. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. 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 firm has a market capitalization of $35.70 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06.
Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating analysts' consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. 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 previous year, the firm posted $2.42 EPS. The company's revenue for the quarter was up 2.5% compared to the same quarter last year. Equities analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.
Vulcan Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be issued a $0.52 dividend. The ex-dividend date 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 24.56%.
Insiders Place Their Bets
In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the transaction, the senior vice president owned 6,716 shares in the company, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.65% of the company's stock.
About Vulcan Materials
(
Free Report)
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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