Vanguard Personalized Indexing Management LLC Has $4.24 Million Position in Vulcan Materials Company $VMC

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Vulcan Materials Company by 35.4% during the second quarter, now holding shares valued at $4.24 million.
• The company's stock opened at $309.08 with a 52-week high of $310.69 and a low of $215.08, reflecting strong price performance.
• Vulcan Materials is set to pay a quarterly dividend of $0.49 per share on November 25th, with a current dividend yield of 0.6%.

Vanguard Personalized Indexing Management LLC increased its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 35.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 16,272 shares of the construction company's stock after acquiring an additional 4,252 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Vulcan Materials were worth $4,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of VMC. Principal Financial Group Inc. lifted its stake in shares of Vulcan Materials by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock valued at $1,518,291,000 after purchasing an additional 445,691 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of Vulcan Materials by 11,723.8% in the 1st quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company's stock worth $99,278,000 after acquiring an additional 421,939 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Vulcan Materials by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock worth $1,625,583,000 after purchasing an additional 370,434 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Vulcan Materials in the first quarter valued at about $82,659,000. Finally, Vanguard Group Inc. increased its stake in Vulcan Materials by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company's stock valued at $3,896,031,000 after buying an additional 347,155 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the sale, the senior vice president owned 2,832 shares of the company's stock, valued at $845,521.92. This represents a 19.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.61% of the company's stock.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $309.08 on Wednesday. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $310.69. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The stock has a market cap of $40.84 billion, a price-to-earnings ratio of 43.17, a PEG ratio of 2.47 and a beta of 0.92. The business has a 50-day simple moving average of $295.23 and a 200 day simple moving average of $272.08.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company had revenue of $2.10 billion during the quarter, compared to analysts' expectations of $2.23 billion. During the same quarter last year, the firm posted $2.35 earnings per share. The firm's revenue was up 4.4% on a year-over-year basis. On average, research analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials's dividend payout ratio is 27.37%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Citigroup reaffirmed a "buy" rating and set a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Barclays raised their price target on shares of 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 shares of Vulcan Materials to a "hold" rating in a research note on Wednesday, October 8th. 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. raised their target price on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $308.58.

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.

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