Guyasuta Investment Advisors Inc. Raises Stock Holdings in Vulcan Materials Company $VMC

Key Points

• Guyasuta Investment Advisors Inc. increased its stake in Vulcan Materials Company by 2.0%, now holding 51,902 shares worth approximately $13.54 million.
• Analysts have raised price targets for Vulcan Materials, with Barclays setting a new target of $305 and Citigroup increasing theirs to $321, reflecting positive sentiment in the market.
• Vulcan Materials reported a quarterly earnings miss with an EPS of $2.45, falling short of the expected $2.65, while their revenue grew 4.4% year-over-year.

Guyasuta Investment Advisors Inc. raised its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,902 shares of the construction company's stock after buying an additional 1,000 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Vulcan Materials were worth $13,537,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Financial Partners Group LLC raised its stake in shares of Vulcan Materials by 12.9% during the second quarter. Financial Partners Group LLC now owns 7,066 shares of the construction company's stock worth $1,843,000 after purchasing an additional 809 shares during the last quarter. LVW Advisors LLC purchased a new position in Vulcan Materials in the 2nd quarter valued at $332,000. Mariner Investment Group LLC purchased a new position in Vulcan Materials in the 2nd quarter valued at $261,000. Signaturefd LLC grew its position in Vulcan Materials by 14.0% in the 2nd quarter. Signaturefd LLC now owns 2,058 shares of the construction company's stock valued at $537,000 after buying an additional 253 shares during the last quarter. Finally, ORG Partners LLC grew its position in Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company's stock valued at $25,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

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

Vulcan Materials Price Performance

Vulcan Materials stock opened at $299.28 on Friday. Vulcan Materials Company has a one year low of $215.08 and a one year high of $302.21. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The business has a fifty day moving average of $287.89 and a two-hundred day moving average of $266.42. The company has a market cap of $39.54 billion, a P/E ratio of 41.80, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its 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 business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the business posted $2.35 EPS. Vulcan Materials's revenue was up 4.4% compared to the same quarter last year. 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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, August 14th. Vulcan Materials's payout ratio is 27.37%.

Insider Activity

In other news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction on Friday, September 12th. The stock was 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 owned 2,832 shares of the company's stock, valued at $845,521.92. The trade was a 19.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.62% of the stock is owned by company 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.

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