LVW Advisors LLC Makes New $332,000 Investment in Vulcan Materials Company $VMC

Key Points

• LVW Advisors LLC made a new investment in Vulcan Materials Company, acquiring 1,271 shares valued at approximately $332,000 during the second quarter.
• Institutional investors hold a significant stake in Vulcan Materials, with 90.39% of the company's stock owned by them.
• Despite a recent decline in stock price target by some analysts, many still maintain a "Buy" rating, with a consensus target price of $308.36.

LVW Advisors LLC bought a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,271 shares of the construction company's stock, valued at approximately $332,000.

Other institutional investors also recently made changes to their positions in the company. ORG Partners LLC increased its position in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company's stock worth $25,000 after acquiring an additional 44 shares during the period. Opal Wealth Advisors LLC bought a new stake in Vulcan Materials during the first quarter worth $27,000. Manchester Capital Management LLC increased its stake in shares of Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after purchasing an additional 39 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Vulcan Materials during the first quarter worth about $45,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at approximately $54,000. Institutional investors own 90.39% of the company's stock.

Insider Activity at Vulcan Materials

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 value of $208,394.88. Following the completion of the transaction, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Morgan Stanley lowered 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. Citigroup reiterated a "buy" rating and issued a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Royal Bank Of Canada cut 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. JPMorgan Chase & Co. boosted their price objective on Vulcan Materials from $285.00 to $330.00 and gave the company an "overweight" rating in a report on Tuesday, August 26th. Finally, 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 report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $308.36.

Vulcan Materials Trading Up 1.5%

Shares of Vulcan Materials stock opened at $299.28 on Monday. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $302.21. The stock has a fifty day moving average price of $287.89 and a 200-day moving average price of $266.71. 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 firm has a market cap of $39.54 billion, a PE ratio of 41.80, a P/E/G 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 earnings per share 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 analysts' expectations of $2.23 billion. During the same quarter in the previous year, the firm earned $2.35 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year. Equities research analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The business 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. The ex-dividend date was Thursday, August 14th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials's dividend payout ratio is currently 27.37%.

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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