Grant Private Wealth Management Inc Takes $261,000 Position in Vulcan Materials Company $VMC

Key Points

• Grant Private Wealth Management Inc has made a new investment in Vulcan Materials Company, purchasing 1,000 shares valued at approximately $261,000 in the 2nd quarter.
• Analysts have shown positive sentiment towards Vulcan Materials, with price targets raised by firms like JPMorgan Chase & Co. to $330.00 and Citigroup to $321.00, both maintaining a "buy" rating.
• Vulcan Materials recently reported a quarterly EPS of $2.45, missing estimates of $2.65, and announced a quarterly dividend of $0.49, reflecting a dividend yield of 0.7%.

Grant Private Wealth Management Inc bought a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,000 shares of the construction company's stock, valued at approximately $261,000.

Other institutional investors have also recently bought and sold shares of the company. Opal Wealth Advisors LLC bought a new position in Vulcan Materials in the 1st quarter worth approximately $27,000. Fourth Dimension Wealth LLC bought a new position in Vulcan Materials in the 4th quarter worth approximately $46,000. Manchester Capital Management LLC raised its position in 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 purchasing an additional 39 shares during the last quarter. Wayfinding Financial LLC bought a new position in Vulcan Materials in the 1st quarter worth approximately $45,000. Finally, Rakuten Securities Inc. bought a new position in Vulcan Materials in the 1st quarter worth approximately $54,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Performance

VMC traded down $1.72 on Tuesday, reaching $297.17. The company had a trading volume of 222,988 shares, compared to its average volume of 1,013,603. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $302.21. The stock has a market cap of $39.26 billion, a P/E ratio of 41.51, a P/E/G ratio of 2.43 and a beta of 0.86. The company's fifty day moving average is $285.24 and its 200 day moving average is $264.71. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 EPS 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 company had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the company posted $2.35 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. As a group, analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders 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 dividend payout ratio is presently 27.37%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VMC shares. Barclays boosted their price target on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. JPMorgan Chase & Co. boosted their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Morgan Stanley decreased their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, July 28th. Finally, Citigroup reissued a "buy" rating and issued a $321.00 price target (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $308.36.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the stock in a transaction that occurred 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 transaction, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. This represents a 19.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.61% of the stock is currently owned by insiders.

About Vulcan Materials

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.