Calamos Advisors LLC Has $13.03 Million Stock Position in Vulcan Materials (NYSE:VMC)

Calamos Advisors LLC raised its stake in Vulcan Materials (NYSE:VMC) by 0.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 52,408 shares of the construction company’s stock after buying an additional 242 shares during the quarter. Calamos Advisors LLC’s holdings in Vulcan Materials were worth $13,033,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Register Financial Advisors LLC acquired a new position in Vulcan Materials during the 1st quarter worth $27,000. Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials during the 1st quarter valued at $33,000. YHB Investment Advisors Inc. acquired a new stake in shares of Vulcan Materials during the first quarter worth $34,000. Concord Wealth Partners bought a new stake in Vulcan Materials in the first quarter valued at about $34,000. Finally, Manchester Capital Management LLC boosted its holdings in Vulcan Materials by 1,218.2% during the first quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock worth $40,000 after buying an additional 134 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the sale, the senior vice president now owns 1,660 shares of the company’s stock, valued at approximately $414,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Up 2.8 %

NYSE:VMC opened at $254.89 on Monday. The firm has a market capitalization of $33.66 billion, a price-to-earnings ratio of 37.21, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $278.79. The stock’s 50 day moving average price is $251.41 and its two-hundred day moving average price is $257.47.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. Equities research analysts expect that Vulcan Materials will post 7.9 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VMC. Citigroup decreased their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Loop Capital lowered their price target on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Truist Financial lowered their target price on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Finally, Royal Bank of Canada reduced their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average target price of $274.73.

Vulcan Materials 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.