Vulcan Materials Company $VMC Stock Position Lowered by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management L.P. decreased its stake in Vulcan Materials by 2.6%, now owning 220,217 shares valued at approximately $57.4 million.
• Vulcan Materials reported earnings per share of $2.45 for the most recent quarter, falling short of analysts' expectations of $2.65, with revenue of $2.10 billion.
• The company recently declared a quarterly dividend of $0.49 per share, reflecting an annualized dividend yield of 0.6% and a payout ratio of 27.37%.

Vaughan Nelson Investment Management L.P. decreased its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 2.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 220,217 shares of the construction company's stock after selling 5,818 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 0.17% of Vulcan Materials worth $57,437,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of VMC. Principal Financial Group Inc. boosted 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 purchasing an additional 445,691 shares during the period. Jones Financial Companies Lllp boosted its position 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 valued at $99,278,000 after purchasing an additional 421,939 shares during the period. JPMorgan Chase & Co. boosted 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 purchasing an additional 370,434 shares during the period. Nuveen LLC acquired a new position in shares of Vulcan Materials in the 1st quarter valued at $82,659,000. Finally, Vanguard Group Inc. boosted 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 purchasing an additional 347,155 shares during the period. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Up 0.6%

VMC opened at $305.13 on Friday. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $309.17. The business has a 50-day moving average of $291.36 and a 200-day moving average of $268.67. 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 market capitalization of $40.31 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 2.48 and a beta of 0.92.

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

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.6%. Vulcan Materials's dividend payout ratio (DPR) is 27.37%.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the firm's stock in a transaction dated 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 trade represents a 19.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Morgan Stanley decreased their price target 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. JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Weiss Ratings restated a "buy (b-)" rating on shares of Vulcan Materials in a research report on Saturday, September 27th. Citigroup restated a "buy" rating and set a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Finally, Royal Bank Of Canada decreased their price objective on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating for the company in a research report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $308.36.

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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