Envestnet Portfolio Solutions Inc. Boosts Position in Vulcan Materials Company $VMC

Envestnet Portfolio Solutions Inc. grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 15.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,929 shares of the construction company’s stock after buying an additional 532 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Vulcan Materials were worth $1,025,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. ORG Partners LLC grew its stake in Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after purchasing an additional 44 shares during the period. Concord Wealth Partners purchased a new stake in Vulcan Materials in the second quarter worth $33,000. Manchester Capital Management LLC grew its stake in Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after purchasing an additional 39 shares during the period. Wayfinding Financial LLC purchased a new stake in Vulcan Materials in the first quarter worth $45,000. Finally, Steph & Co. purchased a new stake in Vulcan Materials in the second quarter worth $55,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMC has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Citigroup reaffirmed a “buy” rating and issued a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Morgan Stanley dropped their target price on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, July 28th. Finally, Royal Bank Of Canada dropped their target price on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $308.58.

Vulcan Materials Trading Down 0.3%

Vulcan Materials stock opened at $295.37 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The business’s fifty day simple moving average is $296.12 and its two-hundred day simple moving average is $273.35. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74. The company has a market capitalization of $39.02 billion, a price-to-earnings ratio of 41.25, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). The business had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $2.35 earnings per share. As a group, equities analysts predict that Vulcan Materials Company will post 8.69 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 Tuesday, November 25th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s dividend payout ratio is presently 27.37%.

Insider Activity

In other news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the transaction, the senior vice president directly owned 2,832 shares of the company’s stock, valued at $845,521.92. This represents a 19.77% 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. 0.62% of the stock is currently owned by insiders.

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.