Friedenthal Financial Invests $978,000 in Vulcan Materials Company $VMC

Key Points

• Friedenthal Financial invested $978,000 in Vulcan Materials Company by purchasing 3,749 shares during the second quarter.
• Analysts have mixed opinions on VMC, with price targets ranging from $279.00 to $330.00, and a general consensus rating of "Moderate Buy."
• Vulcan reported a quarterly earnings miss with $2.45 earnings per share, falling short of the expected $2.65, alongside a revenue of $2.10 billion against a forecast of $2.23 billion.

Friedenthal Financial bought a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 3,749 shares of the construction company's stock, valued at approximately $978,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ORG Partners LLC raised its holdings in shares of Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company's stock worth $25,000 after acquiring an additional 44 shares during the last quarter. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials in the 1st quarter worth about $27,000. Manchester Capital Management LLC raised its holdings in shares of Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after acquiring an additional 39 shares during the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Vulcan Materials in the 1st quarter worth about $45,000. Finally, Steph & Co. acquired a new stake in shares of Vulcan Materials in the 2nd quarter worth about $55,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of analyst reports. Citigroup restated a "buy" rating and issued a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. JPMorgan Chase & Co. increased their price objective on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Royal Bank Of Canada decreased their price objective on shares of 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. Morgan Stanley decreased their price objective on shares of 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. Finally, Barclays increased their price objective on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $308.58.

Vulcan Materials Trading Down 1.4%

Shares of VMC stock opened at $300.54 on Wednesday. The company has a 50 day moving average of $292.58 and a 200-day moving average of $269.78. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $309.17. The firm has a market cap of $39.71 billion, a P/E ratio of 41.97, a PEG ratio of 2.49 and a beta of 0.92.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter in the prior year, the firm posted $2.35 earnings per share. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's payout ratio is 27.37%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the business's stock in a transaction on Friday, September 12th. The shares were 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 directly 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 Securities & Exchange Commission, which is available at this link. 0.61% of the stock is owned by company insiders.

Vulcan Materials Company 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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