US Bancorp DE Sells 5,408 Shares of Vulcan Materials Company $VMC

US Bancorp DE cut its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 13.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,929 shares of the construction company's stock after selling 5,408 shares during the period. US Bancorp DE's holdings in Vulcan Materials were worth $8,849,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VMC. Unified Investment Management increased its holdings in shares of Vulcan Materials by 1.7% in the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company's stock valued at $589,000 after acquiring an additional 38 shares during the period. Manchester Capital Management LLC raised its holdings in 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 purchasing an additional 39 shares in the last quarter. Chemistry Wealth Management LLC lifted its position in shares of Vulcan Materials by 3.0% during the second quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company's stock valued at $350,000 after buying an additional 39 shares during the last quarter. ORG Partners LLC boosted its holdings in shares of Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company's stock valued at $25,000 after buying an additional 44 shares in the last quarter. Finally, DRW Securities LLC boosted its stake in Vulcan Materials by 2.6% in the first quarter. DRW Securities LLC now owns 1,748 shares of the construction company's stock valued at $408,000 after acquiring an additional 45 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the firm'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 value of $208,394.88. Following the sale, the senior vice president directly owned 2,832 shares of the company's stock, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.62% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on VMC. Weiss Ratings restated a "buy (b-)" rating on shares of Vulcan Materials in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an "overweight" rating in a research note on Tuesday, August 26th. Barclays raised their price objective on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Wells Fargo & Company upgraded Vulcan Materials to a "hold" rating in a research report on Wednesday. Finally, Citigroup restated a "buy" rating and set a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $308.58.

Vulcan Materials Price Performance

NYSE:VMC opened at $301.48 on Friday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The company has a 50 day moving average price of $294.29 and a 200-day moving average price of $271.10. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $309.17. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of 42.11, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.20). The firm had revenue of $2.10 billion for 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 firm's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.35 EPS. Equities research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials's dividend payout ratio is currently 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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