Meeder Advisory Services Inc. Purchases Shares of 5,377 Vulcan Materials Company $VMC

Meeder Advisory Services Inc. purchased a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 5,377 shares of the construction company's stock, valued at approximately $1,586,000.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC purchased a new position in Vulcan Materials during the fourth quarter valued at approximately $497,000. NewEdge Advisors LLC boosted its position in Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company's stock worth $1,017,000 after purchasing an additional 163 shares in the last quarter. Empowered Funds LLC boosted its position in Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company's stock worth $745,000 after purchasing an additional 190 shares in the last quarter. Focus Partners Wealth grew its stake in shares of Vulcan Materials by 28.5% during the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company's stock worth $775,000 after purchasing an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. increased its holdings in shares of Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company's stock valued at $78,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Vulcan Materials from $355.00 to $350.00 and set a "buy" rating for the company in a research note on Thursday, July 30th. Wall Street Zen cut shares of Vulcan Materials from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. Raymond James Financial reiterated an "outperform" rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. UBS Group lowered their target price on shares of Vulcan Materials from $350.00 to $349.00 and set a "buy" rating on the stock in a research note on Wednesday, July 8th. Finally, Wells Fargo & Company dropped their target price on Vulcan Materials from $310.00 to $305.00 and set an "equal weight" rating on the stock in a research report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $327.93.

Insider Activity

In other news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the sale, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Trading Up 1.8%

Shares of VMC stock opened at $276.49 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The company has a market cap of $35.83 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 1.96 and a beta of 1.06. The stock has a 50 day simple moving average of $289.60 and a 200-day simple moving average of $287.91. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same quarter last year, the firm posted $2.42 EPS. The business's revenue was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials's dividend payout ratio (DPR) is presently 24.56%.

Vulcan Materials Profile

Vulcan Materials Company NYSE: VMC is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company's primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.

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