HB Wealth Management LLC Has $7.37 Million Position in Vulcan Materials Company $VMC

Key Points

• HB Wealth Management LLC has increased its stake in Vulcan Materials Company by 3.6%, owning a total of 28,245 shares valued at approximately $7.37 million as of their latest SEC filing.
• Analysts have mixed views on Vulcan Materials, with JPMorgan Chase & Co. raising their target price to $330.00 while others, like Royal Bank of Canada, have lowered their target to $279.00.
• Vulcan Materials recently reported a quarterly EPS of $2.45, which missed expectations of $2.65, but its revenue was up 4.4% year-over-year.

HB Wealth Management LLC increased its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 3.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,245 shares of the construction company's stock after purchasing an additional 985 shares during the quarter. HB Wealth Management LLC's holdings in Vulcan Materials were worth $7,367,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Guyasuta Investment Advisors Inc. grew its holdings in Vulcan Materials by 2.0% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 51,902 shares of the construction company's stock worth $13,537,000 after acquiring an additional 1,000 shares during the last quarter. Financial Partners Group LLC increased its stake in shares of Vulcan Materials by 12.9% in the 2nd quarter. Financial Partners Group LLC now owns 7,066 shares of the construction company's stock valued at $1,843,000 after acquiring an additional 809 shares in the last quarter. LVW Advisors LLC bought a new position in Vulcan Materials during the second quarter worth $332,000. Mariner Investment Group LLC acquired a new stake in Vulcan Materials in the second quarter worth $261,000. Finally, Signaturefd LLC increased its stake in Vulcan Materials by 14.0% in the second quarter. Signaturefd LLC now owns 2,058 shares of the construction company's stock valued at $537,000 after purchasing an additional 253 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. raised their target price on 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 cut their target price on 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. Citigroup reissued a "buy" rating and issued a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Morgan Stanley cut 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 report on Monday, July 28th. Finally, Barclays upped their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note 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 company. According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $308.36.

Vulcan Materials Stock Performance

NYSE:VMC opened at $307.92 on Wednesday. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $308.18. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The business has a fifty day simple moving average of $289.45 and a two-hundred day simple moving average of $267.49. The company has a market capitalization of $40.68 billion, a P/E ratio of 43.01, a P/E/G ratio of 2.48 and a beta of 0.86.

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

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's payout ratio is currently 27.37%.

Insider Transactions at Vulcan Materials

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

Vulcan Materials 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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