Vulcan Materials Company $VMC Stake Raised by Czech National Bank

Key Points

• The Czech National Bank increased its stake in Vulcan Materials Company by 6.5%, holding a total of 32,290 shares valued at $8,422,000 as of its latest SEC filing.
• Vulcan Materials reported a quarterly EPS of $2.45, falling short of the consensus estimate of $2.65, while the company's revenue of $2.10 billion also missed expectations of $2.23 billion.
• The company declared a quarterly dividend of $0.49 per share, representing an annualized yield of 0.7%, with a payout ratio of 27.37%.

Czech National Bank raised its holdings in Vulcan Materials Company (NYSE:VMC - Free Report) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,290 shares of the construction company's stock after purchasing an additional 1,958 shares during the period. Czech National Bank's holdings in Vulcan Materials were worth $8,422,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter valued at approximately $27,000. Fourth Dimension Wealth LLC acquired a new stake in shares of Vulcan Materials during the 4th quarter valued at approximately $46,000. Manchester Capital Management LLC raised its position in shares of Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after acquiring an additional 39 shares in the last quarter. Wayfinding Financial LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter valued at approximately $45,000. Finally, Rakuten Securities Inc. acquired a new stake in shares of Vulcan Materials during the 1st quarter valued at approximately $54,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Monday, July 28th. Barclays upped their price target on Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, August 1st. Citigroup reaffirmed a "buy" rating and issued a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Royal Bank Of Canada dropped their target price 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, JPMorgan Chase & Co. increased 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 analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of "Buy" and a consensus target price of $308.36.

Vulcan Materials Price Performance

VMC stock traded down $1.07 during trading hours on Friday, hitting $297.51. 1,291,344 shares of the stock traded hands, compared to its average volume of 653,811. Vulcan Materials Company has a one year low of $215.08 and a one year high of $302.21. The company has a market cap of $39.31 billion, a P/E ratio of 41.55, a P/E/G ratio of 2.43 and a beta of 0.86. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $284.65 and a 200 day simple moving average of $263.97.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its 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). 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 period in the prior 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. Equities analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were issued 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 was Thursday, August 14th. Vulcan Materials's dividend payout ratio is currently 27.37%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the company's stock in a transaction on Friday, September 12th. The stock was 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 directly owned 2,832 shares of the company's stock, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.62% of the stock is currently owned by corporate insiders.

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.