Callan Family Office LLC Acquires Shares of 5,594 Vulcan Materials Company $VMC

Callan Family Office LLC bought a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 5,594 shares of the construction company’s stock, valued at approximately $1,650,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VMC. Burkett Financial Services LLC bought a new position in shares of Vulcan Materials in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. boosted its stake in Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after acquiring an additional 43 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in Vulcan Materials during the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new stake in Vulcan Materials in the third quarter worth about $30,000. Finally, Concord Wealth Partners purchased a new stake in Vulcan Materials in the fourth quarter worth about $36,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Stock Down 0.2%

NYSE:VMC opened at $275.48 on Monday. The firm has a market cap of $35.70 billion, a P/E ratio of 32.52, a P/E/G ratio of 1.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The firm has a 50-day simple moving average of $289.19 and a two-hundred day simple moving average of $287.48.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate 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 was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.42 earnings per share. Analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s payout ratio is presently 24.56%.

Analyst Ratings Changes

VMC has been the subject of several recent research reports. Oppenheimer initiated coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating for the company. Barclays upped their price target on 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 reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Stephens lifted their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Finally, UBS Group dropped their target price on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.93.

About Vulcan Materials

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.