Appleton Partners Inc. MA Sells 173 Shares of Vulcan Materials Company $VMC

Appleton Partners Inc. MA trimmed its position in shares of Vulcan Materials Company (NYSE:VMC) by 0.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,422 shares of the construction company’s stock after selling 173 shares during the period. Appleton Partners Inc. MA’s holdings in Vulcan Materials were worth $9,500,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. ORG Partners LLC boosted its holdings in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after acquiring an additional 44 shares during the period. Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials in the first quarter valued at about $27,000. Manchester Capital Management LLC lifted its stake in shares of Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares during the period. Wayfinding Financial LLC bought a new stake in shares of Vulcan Materials in the first quarter valued at about $45,000. Finally, Rakuten Securities Inc. bought a new stake in shares of Vulcan Materials in the first quarter valued at about $54,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VMC shares. Royal Bank Of Canada reduced their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Saturday, September 27th. Barclays increased their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Finally, Citigroup reiterated a “buy” rating and issued a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Buy” and an average price target of $308.36.

Vulcan Materials Stock Performance

NYSE:VMC opened at $305.13 on Monday. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $309.17. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $40.31 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 2.49 and a beta of 0.92. The firm has a 50-day moving average price of $291.36 and a 200 day moving average price of $269.07.

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

Vulcan Materials Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.96 annualized dividend and a dividend yield of 0.6%. Vulcan Materials’s dividend payout ratio (DPR) is presently 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 that occurred on Friday, September 12th. The shares were 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 owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.61% of the company’s stock.

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.