Vontobel Holding Ltd. Sells 172,051 Shares of Vulcan Materials Company $VMC

Vontobel Holding Ltd. lessened its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,019,470 shares of the construction company's stock after selling 172,051 shares during the period. Vontobel Holding Ltd. owned about 0.77% of Vulcan Materials worth $265,898,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of 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 acquiring an additional 347,155 shares during the period. JPMorgan Chase & Co. grew its position in shares of Vulcan Materials by 5.6% in the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company's stock valued at $1,625,583,000 after acquiring an additional 370,434 shares during the period. Principal Financial Group Inc. grew its position 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 acquiring an additional 445,691 shares during the period. Alkeon Capital Management LLC grew its position in shares of Vulcan Materials by 4.4% in the 1st quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company's stock valued at $312,236,000 after acquiring an additional 56,345 shares during the period. Finally, Invesco Ltd. grew its position in shares of Vulcan Materials by 4.4% in the 1st quarter. Invesco Ltd. now owns 1,214,868 shares of the construction company's stock valued at $283,429,000 after acquiring an additional 50,968 shares during the period. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VMC. Morgan Stanley decreased their price objective on shares of 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. Citigroup restated a "buy" rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Royal Bank Of Canada cut their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research note on Friday, August 1st. Barclays raised their target price 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. Finally, JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 26th. Two investment 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 company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $308.58.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $304.43 on Thursday. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $309.17. 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 company has a 50-day simple moving average of $293.20 and a two-hundred day simple moving average of $270.02. The stock has a market capitalization of $40.22 billion, a price-to-earnings ratio of 42.52, a price-to-earnings-growth ratio of 2.46 and a beta of 0.92.

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 for the quarter, missing the consensus estimate of $2.65 by ($0.20). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.Vulcan Materials's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 EPS. Analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were given a $0.49 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.96 annualized dividend and a dividend yield of 0.6%. Vulcan Materials's payout ratio is presently 27.37%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the transaction, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. The trade was a 19.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company's stock.

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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