Emerald Investment Advisers LLC Acquires New Stake in Vulcan Materials Company $VMC

Emerald Investment Advisers LLC bought a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,757 shares of the construction company's stock, valued at approximately $4,353,000.

Other large investors have also made changes to their positions in the company. Westpac Banking Corp purchased a new stake in shares of Vulcan Materials during the 2nd quarter valued at about $72,000. Sumitomo Life Insurance Co. bought a new position in shares of Vulcan Materials in the 2nd quarter worth approximately $11,432,000. Korea Investment CORP purchased a new position in shares of Vulcan Materials in the second quarter worth approximately $36,732,000. EP Wealth Advisors LLC purchased a new position in shares of Vulcan Materials in the second quarter worth approximately $254,000. Finally, Callan Family Office LLC purchased a new position in shares of Vulcan Materials in the second quarter worth approximately $1,650,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on VMC. UBS Group reduced their target price on shares of Vulcan Materials from $350.00 to $349.00 and set a "buy" rating for the company in a report on Wednesday, July 8th. Wall Street Zen downgraded shares of Vulcan Materials from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. Barclays lifted their price target on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Oppenheimer initiated coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a "market perform" rating for the company. Finally, Weiss Ratings restated a "buy (b-)" rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $327.93.

Insider Activity

In other news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the sale, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Stock Performance

NYSE VMC opened at $275.48 on Friday. The firm has a market cap of $35.70 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $289.19 and a 200-day moving average price of $287.61. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company earned $2.42 EPS. The firm's quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal 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 dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials's dividend payout ratio (DPR) 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.

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source