IFC Advisors LLC Acquires Shares of 902 Vulcan Materials Company $VMC

Key Points

• IFC Advisors LLC acquired 902 shares of Vulcan Materials Company for approximately $235,000 during the second quarter.
• Vulcan Materials reported earnings per share (EPS) of $2.45, missing the consensus estimate by $0.20, with revenues of $2.10 billion compared to an expected $2.23 billion.
• The company declared a quarterly dividend of $0.49 per share, with an ex-dividend date on November 10th, representing an annual yield of 0.6%.

IFC Advisors LLC purchased a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 902 shares of the construction company's stock, valued at approximately $235,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ORG Partners LLC boosted its holdings in Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company's stock worth $25,000 after purchasing an additional 44 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth $27,000. Concord Wealth Partners acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth $33,000. Manchester Capital Management LLC grew its holdings in shares of Vulcan Materials by 26.9% during 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 in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Vulcan Materials in the first quarter valued at about $45,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of VMC opened at $303.22 on Tuesday. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $309.17. The firm's fifty day simple moving average is $294.71 and its 200-day simple moving average is $271.82. The firm has a market capitalization of $40.06 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 2.46 and a beta of 0.92. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

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 the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same quarter in the prior year, the business earned $2.35 earnings per share. Vulcan Materials's revenue was up 4.4% compared to the same quarter last year. Equities analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.6%. The ex-dividend date is Monday, November 10th. Vulcan Materials's dividend payout ratio (DPR) is currently 27.37%.

Analysts Set New Price Targets

Several research firms have commented on VMC. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $285.00 to $330.00 and gave the company an "overweight" rating in a research report 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 note on Friday, August 1st. Weiss Ratings reiterated a "buy (b-)" rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Vulcan Materials to a "hold" rating in a research note on Wednesday, October 8th. Finally, Barclays lifted their price target on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $308.58.

Insider Buying and Selling

In related news, SVP David P. Clement sold 698 shares of Vulcan Materials 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 sale, the senior vice president directly owned 2,832 shares in the company, valued at $845,521.92. This trade represents a 19.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by corporate 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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