Little House Capital LLC Increases Position in Vulcan Materials Company $VMC

Key Points

• Little House Capital LLC increased its stake in Vulcan Materials by 45.9% during the second quarter, acquiring an additional 1,434 shares, bringing their total holdings to 4,555 shares valued at approximately $1.19 million.
• Vulcan Materials reported earnings of $2.45 per share for the latest quarter, missing expectations of $2.65, while revenue was $2.10 billion, falling short of the anticipated $2.23 billion.
• The company declared a quarterly dividend of $0.49 per share, resulting in an annual yield of 0.7% and reflecting a dividend payout ratio of 27.37%.

Little House Capital LLC grew its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 45.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,555 shares of the construction company's stock after acquiring an additional 1,434 shares during the quarter. Little House Capital LLC's holdings in Vulcan Materials were worth $1,188,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in VMC. Manchester Capital Management LLC raised its holdings 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 period. Chemistry Wealth Management LLC raised its holdings in Vulcan Materials by 3.0% in the 2nd quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company's stock worth $350,000 after purchasing an additional 39 shares during the period. DRW Securities LLC raised its holdings in Vulcan Materials by 2.6% in the 1st quarter. DRW Securities LLC now owns 1,748 shares of the construction company's stock worth $408,000 after purchasing an additional 45 shares during the period. Alpha Omega Wealth Management LLC raised its holdings in Vulcan Materials by 1.1% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock worth $1,012,000 after purchasing an additional 46 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Vulcan Materials by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after purchasing an additional 51 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Trading Down 0.3%

Shares of Vulcan Materials stock opened at $294.11 on Tuesday. The firm has a market capitalization of $38.86 billion, a price-to-earnings ratio of 41.08, a PEG ratio of 2.41 and a beta of 0.86. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week 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 stock has a 50 day moving average of $282.54 and a 200 day moving average of $262.55.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued 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). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.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 previous year, the company posted $2.35 earnings per share. The company's revenue was up 4.4% on a year-over-year basis. As a group, research analysts predict 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. Shareholders of record on Thursday, August 14th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's dividend payout ratio is 27.37%.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the company's 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 transaction, the senior vice president directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of analyst reports. Royal Bank Of Canada reduced their price target on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a report on Friday, August 1st. Morgan Stanley reduced their target price on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a report on Monday, July 28th. Barclays increased their target price on Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 1st. 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 report on Tuesday, August 26th. Finally, Citigroup reissued a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $308.36.

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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