Commerce Bank Purchases New Shares in Vulcan Materials Company $VMC

Commerce Bank purchased a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 5,490 shares of the construction company's stock, valued at approximately $1,620,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in shares of Vulcan Materials in the second quarter worth about $2,868,444,000. Geode Capital Management LLC raised its holdings in shares of Vulcan Materials by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company's stock valued at $1,016,168,000 after acquiring an additional 32,012 shares during the period. Bank of America Corp DE lifted its position in shares of Vulcan Materials by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 2,309,444 shares of the construction company's stock valued at $602,349,000 after acquiring an additional 133,523 shares in the last quarter. Morgan Stanley lifted its position in shares of Vulcan Materials by 7.9% in the 4th quarter. Morgan Stanley now owns 1,727,232 shares of the construction company's stock valued at $492,642,000 after acquiring an additional 126,523 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in Vulcan Materials by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,346,422 shares of the construction company's stock worth $366,592,000 after purchasing an additional 24,187 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the company's stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares of the company's stock, valued at $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is currently owned by insiders.

Analyst Ratings Changes

VMC has been the topic of several research analyst reports. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the stock a "hold" rating in a research report on Tuesday, June 2nd. Stephens raised their target price on Vulcan Materials from $330.00 to $340.00 and gave the stock an "overweight" rating in a research report on Thursday, April 30th. Oppenheimer initiated coverage on Vulcan Materials in a report on Thursday, May 28th. They set a "market perform" rating on the stock. Wells Fargo & Company reduced their price objective on Vulcan Materials from $310.00 to $305.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 8th. Finally, Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $328.64.

Vulcan Materials Trading Down 0.7%

Shares of NYSE:VMC opened at $274.05 on Wednesday. The firm has a fifty day moving average of $288.31 and a two-hundred day moving average of $286.97. The firm has a market capitalization of $35.51 billion, a P/E ratio of 32.36, a price-to-earnings-growth ratio of 1.99 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. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The business had revenue of $2.16 billion for the quarter, compared to analysts' expectations of $2.14 billion. During the same period in the previous year, the company posted $2.42 EPS. Vulcan Materials's revenue was up 2.5% on a year-over-year basis. On average, equities analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company 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 $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Vulcan Materials's payout ratio is 24.56%.

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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