Commonwealth Equity Services LLC Boosts Stock Position in Vulcan Materials (NYSE:VMC)

Commonwealth Equity Services LLC increased its position in Vulcan Materials (NYSE:VMC) by 6.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,967 shares of the construction company’s stock after acquiring an additional 3,000 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Vulcan Materials were worth $12,675,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Contravisory Investment Management Inc. increased its stake in shares of Vulcan Materials by 1.6% in the first quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock worth $704,000 after purchasing an additional 40 shares in the last quarter. Commerce Bank increased its stake in Vulcan Materials by 1.0% in the 4th quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock worth $1,008,000 after buying an additional 43 shares in the last quarter. UMB Bank n.a. raised its holdings in Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares during the period. Monetary Management Group Inc. lifted its position in shares of Vulcan Materials by 2.3% in the second quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock valued at $560,000 after acquiring an additional 50 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Vulcan Materials by 13.6% in the first quarter. Covestor Ltd now owns 425 shares of the construction company’s stock valued at $116,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 1.8 %

Shares of NYSE:VMC opened at $234.83 on Thursday. The company has a 50-day moving average price of $250.03 and a 200 day moving average price of $257.34. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $278.79. The company has a market cap of $31.01 billion, a price-to-earnings ratio of 34.28, a PEG ratio of 2.25 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The company had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. Vulcan Materials’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 EPS. As a group, equities research analysts predict that Vulcan Materials will post 7.82 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s payout ratio is 26.86%.

Insider Buying and Selling at Vulcan Materials

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

Analysts Set New Price Targets

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

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.