Wealthfront Advisers LLC purchased a new position in Vulcan Materials Company (NYSE:VMC - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,360 shares of the construction company's stock, valued at approximately $3,941,000.
Several other institutional investors have also bought and sold shares of the company. Chesapeake Capital Corp IL increased its position in Vulcan Materials by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company's stock worth $1,059,000 after buying an additional 33 shares during the last quarter. Composition Wealth LLC lifted its position in shares of Vulcan Materials by 3.5% during the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company's stock valued at $289,000 after buying an additional 34 shares during the last quarter. Truist Financial Corp lifted its position in shares of Vulcan Materials by 0.3% during the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company's stock valued at $3,802,000 after buying an additional 38 shares during the last quarter. United Capital Financial Advisors LLC grew its stake in shares of Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company's stock worth $952,000 after acquiring an additional 38 shares during the period. Finally, 4WEALTH Advisors Inc. grew its stake in shares of Vulcan Materials by 3.2% during the 1st quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company's stock worth $337,000 after acquiring an additional 39 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.
Vulcan Materials Stock Performance
NYSE VMC opened at $270.63 on Friday. The company's 50 day simple moving average is $289.41 and its two-hundred day simple moving average is $287.69. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The stock has a market capitalization of $35.07 billion, a PE ratio of 31.95, a P/E/G ratio of 1.99 and a beta of 1.06.
Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.46 by $0.13. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The business's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.42 EPS. Analysts predict that Vulcan Materials Company will post 9.29 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 Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials's dividend payout ratio is 24.56%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on VMC shares. Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a research note on Thursday, April 30th. Barclays lifted their target price on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an "overweight" rating in a research note on Thursday, April 30th. Weiss Ratings reissued a "buy (b-)" rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Berenberg Bank set a $283.00 price target on shares of Vulcan Materials and gave the company a "hold" rating in a research note on Tuesday, June 2nd. Finally, Oppenheimer started coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They set a "market perform" rating on the stock. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of "Moderate Buy" and an average price target of $327.93.
Read Our Latest Report on Vulcan Materials
Insider Buying and Selling at Vulcan Materials
In related news, SVP David P. Clement sold 2,212 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the sale, the senior vice president directly owned 8,716 shares of the company's stock, valued at $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.65% of the company's stock.
Vulcan Materials Profile
(
Free Report)
Vulcan Materials Company NYSE: VMC is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company's primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.
Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.
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