Osmosis Investment Management UK Ltd purchased a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 16,736 shares of the construction company's stock, valued at approximately $4,937,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brighton Jones LLC bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $497,000. NewEdge Advisors LLC grew its stake in Vulcan Materials by 3.9% in the first 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 grew its stake in Vulcan Materials by 6.3% in the first 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 increased its holdings in Vulcan Materials by 28.5% in the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company's stock valued at $775,000 after buying an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in Vulcan Materials by 31.5% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company's stock valued at $78,000 after buying an additional 80 shares in the last quarter. Institutional investors own 90.39% of the company's stock.
Vulcan Materials Stock Down 0.2%
NYSE:VMC opened at $275.48 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The stock has a 50 day moving average of $289.19 and a 200-day moving average of $287.48. The firm has a market capitalization of $35.70 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09.
Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. The business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business's revenue was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.42 EPS. Analysts predict that Vulcan Materials Company will post 9.29 EPS for the current year.
Vulcan Materials Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials's payout ratio is 24.56%.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on VMC. Raymond James Financial reiterated an "outperform" rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Wells Fargo & Company dropped their price target 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. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a "hold" rating in a research note on Tuesday, June 2nd. Citigroup decreased their price objective on shares of Vulcan Materials from $355.00 to $350.00 and set a "buy" rating for the company in a report on Thursday, July 30th. Finally, Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $327.93.
Check Out Our Latest Stock Report on VMC
Insider Activity at Vulcan Materials
In other news, SVP David P. Clement sold 2,212 shares of the company's stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.65% of the company's stock.
Vulcan Materials Company Profile
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Free Report)
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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