Mariner Investment Group LLC Takes $261,000 Position in Vulcan Materials Company $VMC

Key Points

• Mariner Investment Group LLC has acquired a new position in Vulcan Materials Company, purchasing 1,000 shares valued at approximately $261,000 during the second quarter.
• A significant majority of Vulcan Materials' stock, approximately 90.39%, is now held by institutional investors and hedge funds.
• Vulcan Materials recently declared a quarterly dividend of $0.49 per share, reflecting an annual yield of 0.7% and a payout ratio of 27.37%.

Mariner Investment Group LLC purchased a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,000 shares of the construction company's stock, valued at approximately $261,000.

A number of other institutional investors and hedge funds have also bought and sold shares of VMC. ORG Partners LLC lifted its stake in shares of 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 acquiring an additional 44 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials in the 1st quarter valued at $27,000. Manchester Capital Management LLC increased its position in shares of Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after buying an additional 39 shares during the period. Wayfinding Financial LLC bought a new position in Vulcan Materials during the first quarter worth $45,000. Finally, Rakuten Securities Inc. acquired a new position in Vulcan Materials in the first quarter valued at $54,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the business's stock in a transaction that occurred 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 sale, the senior vice president directly owned 2,832 shares of the company's stock, valued at approximately $845,521.92. The trade was a 19.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

VMC has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating for the company in a research report on Monday, July 28th. Citigroup reaffirmed a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Barclays boosted their price target on Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Finally, Royal Bank Of Canada dropped their target price 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 assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $308.36.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $299.28 on Friday. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $302.21. The stock's 50 day moving average is $287.89 and its 200-day moving average is $266.15. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $39.54 billion, a price-to-earnings ratio of 41.80, a PEG ratio of 2.41 and a beta of 0.86.

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 analysts' consensus estimates of $2.65 by ($0.20). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.35 EPS. Sell-side 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 was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were paid a dividend of $0.49 per share. The ex-dividend date was Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials's payout ratio is 27.37%.

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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