3,205 Shares in Vulcan Materials Company $VMC Acquired by United Services Automobile Association

Key Points

• United Services Automobile Association has invested approximately $747,000 in Vulcan Materials Company, acquiring 3,205 shares of the construction company's stock.
• Multiple institutional investors have increased their stakes in Vulcan Materials, with Jones Financial Companies boosting its position by 11,723.8% during the 1st quarter.
• Vulcan Materials recently declared a quarterly dividend of $0.49 per share, with an annualized dividend rate of $1.96 and a yield of 0.7%.

United Services Automobile Association acquired a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 3,205 shares of the construction company's stock, valued at approximately $747,000.

A number of other large investors have also recently made changes to their positions in the business. Manchester Capital Management LLC grew its holdings in shares of Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after acquiring an additional 39 shares during the period. DRW Securities LLC grew its holdings in shares of Vulcan Materials by 2.6% in the first quarter. DRW Securities LLC now owns 1,748 shares of the construction company's stock worth $408,000 after acquiring an additional 45 shares during the period. Alpha Omega Wealth Management LLC grew its holdings in Vulcan Materials by 1.1% during the first quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock valued at $1,012,000 after purchasing an additional 46 shares during the period. Wellington Management Group LLP grew its holdings in Vulcan Materials by 5.6% during the fourth 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. Finally, Marks Group Wealth Management Inc grew its holdings in Vulcan Materials by 2.7% during the first quarter. Marks Group Wealth Management Inc now owns 2,203 shares of the construction company's stock valued at $514,000 after purchasing an additional 57 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. Barclays boosted their price target on Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a 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 research report on Tuesday, August 26th. Citigroup restated a "buy" rating and issued a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Royal Bank Of Canada lowered their price objective on 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. Finally, UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $280.00 to $318.00 in a research report on Friday, May 16th. Two research 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's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $308.36.

Vulcan Materials Trading Up 2.5%

VMC stock traded up $7.35 during midday trading on Thursday, reaching $301.78. 808,082 shares of the company traded hands, compared to its average volume of 716,890. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $302.22. 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 business has a 50 day moving average of $281.42 and a 200-day moving average of $261.72. The firm has a market capitalization of $39.87 billion, a price-to-earnings ratio of 42.15, a P/E/G ratio of 2.41 and a beta of 0.86.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter last year, the company earned $2.35 earnings per share. The company's revenue for the quarter was up 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.6%. 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.