Vulcan Materials Company (NYSE:VMC) Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in Vulcan Materials by 5.9% during the 1st quarter, now holding 39,337 shares valued at approximately $9.18 million.
• Several institutional investors have significantly increased their positions in Vulcan Materials, with BNP Paribas Financial Markets raising its stake by 239.8% in the last quarter.
• The company's latest quarterly earnings reported an EPS of $2.45, falling short of analysts' expectations of $2.65, while revenue also missed forecasts at $2.10 billion.

US Bancorp DE cut its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 5.9% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 39,337 shares of the construction company's stock after selling 2,468 shares during the period. US Bancorp DE's holdings in Vulcan Materials were worth $9,177,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of VMC. Nicolet Advisory Services LLC lifted its stake in Vulcan Materials by 7.6% during the 1st quarter. Nicolet Advisory Services LLC now owns 1,428 shares of the construction company's stock valued at $336,000 after acquiring an additional 101 shares during the period. Sound View Wealth Advisors Group LLC grew its holdings in Vulcan Materials by 11.2% during the 1st quarter. Sound View Wealth Advisors Group LLC now owns 1,300 shares of the construction company's stock valued at $303,000 after buying an additional 131 shares in the last quarter. SlateStone Wealth LLC grew its holdings in Vulcan Materials by 1.1% during the 1st quarter. SlateStone Wealth LLC now owns 25,178 shares of the construction company's stock valued at $5,874,000 after buying an additional 273 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of Vulcan Materials by 296.7% in the first quarter. Arkadios Wealth Advisors now owns 6,450 shares of the construction company's stock valued at $1,505,000 after purchasing an additional 4,824 shares in the last quarter. Finally, Vestcor Inc grew its holdings in shares of Vulcan Materials by 28.7% in the first quarter. Vestcor Inc now owns 2,907 shares of the construction company's stock valued at $678,000 after purchasing an additional 648 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the transaction, the senior vice president directly owned 2,832 shares of the company's stock, valued at $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by insiders.

Vulcan Materials Stock Up 0.5%

Shares of VMC traded up $1.40 during mid-day trading on Tuesday, hitting $283.25. 788,718 shares of the company traded hands, compared to its average volume of 1,047,288. The business has a 50 day moving average of $265.64 and a 200 day moving average of $257.56. The company has a market capitalization of $37.42 billion, a PE ratio of 39.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.83. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

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

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 14th. Vulcan Materials's dividend payout ratio is presently 27.37%.

Wall Street Analysts Forecast Growth

VMC has been the subject of several recent analyst reports. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Royal Bank Of Canada dropped their price objective 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. Citigroup lifted their price objective on shares of Vulcan Materials from $305.00 to $321.00 and gave the stock a "buy" rating in a research note on Monday. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Finally, Raymond James Financial lowered their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $304.27.

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.