MBB Public Markets I LLC Makes New $304,000 Investment in Vulcan Materials Company $VMC

Key Points

• MBB Public Markets I LLC has acquired 1,305 shares of Vulcan Materials Company, valued at approximately $304,000, during the 1st quarter.
• Analysts have varied opinions on Vulcan Materials, with price targets ranging from $279.00 to $330.00 and a consensus target price of $308.36.
• Vulcan Materials has reported a quarterly earnings per share (EPS) of $2.45, missing analysts' expectations, while announcing a $0.49 quarterly dividend, representing a yield of 0.7%.

MBB Public Markets I LLC acquired a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,305 shares of the construction company's stock, valued at approximately $304,000.

Other large investors also recently made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of Vulcan Materials by 21.0% in the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company's stock valued at $222,000 after purchasing an additional 165 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Vulcan Materials by 42.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock valued at $3,686,000 after purchasing an additional 4,678 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Vulcan Materials by 24.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company's stock valued at $215,000 after purchasing an additional 180 shares during the period. GAMMA Investing LLC increased its holdings in shares of Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock valued at $398,000 after purchasing an additional 365 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of Vulcan Materials by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock valued at $249,000 after purchasing an additional 51 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Performance

Shares of VMC traded down $2.54 during mid-day trading on Tuesday, hitting $291.49. The company's stock had a trading volume of 112,027 shares, compared to its average volume of 1,018,739. Vulcan Materials Company has a one year low of $215.08 and a one year 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 firm has a market capitalization of $38.51 billion, a PE ratio of 40.72, a price-to-earnings-growth ratio of 2.41 and a beta of 0.86. The stock's 50-day moving average is $282.54 and its two-hundred day moving average is $262.55.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its 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 firm had revenue of $2.10 billion during the quarter, compared to analyst estimates 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 in the previous year, the company posted $2.35 earnings per share. As a group, sell-side analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced 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 dividend yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials's dividend payout ratio is presently 27.37%.

Analysts Set New Price Targets

VMC has been the topic of a number of research reports. Barclays upped 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. Citigroup reissued a "buy" rating and issued a $321.00 price target (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Royal Bank Of Canada decreased their target price on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Morgan Stanley decreased their target price 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. Finally, JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $285.00 to $330.00 and gave the company an "overweight" rating in a research report on Tuesday, August 26th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of "Buy" and a consensus target price of $308.36.

Insider Activity at Vulcan Materials

In related 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 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. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.62% of the company's stock.

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.