26,513 Shares in Vulcan Materials Company $VMC Bought by Quantum Capital Management LLC NJ

Quantum Capital Management LLC NJ acquired a new position in Vulcan Materials Company (NYSE:VMC) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 26,513 shares of the construction company’s stock, valued at approximately $7,219,000. Vulcan Materials makes up 0.9% of Quantum Capital Management LLC NJ’s portfolio, making the stock its 19th biggest holding.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VMC. NBT Bank N A NY acquired a new position in shares of Vulcan Materials during the 4th quarter worth $26,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at about $30,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at about $29,000. Meeder Asset Management Inc. lifted its stake in shares of Vulcan Materials by 71.7% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after purchasing an additional 43 shares during the period. Finally, Godsey & Gibb Inc. purchased a new stake in Vulcan Materials during the fourth quarter worth about $30,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on VMC shares. Oppenheimer assumed coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Wells Fargo & Company reduced their price target on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Stephens boosted their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Finally, UBS Group lowered their price target 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 research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.79.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $277.59 on Thursday. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The firm’s 50-day simple moving average is $286.53 and its 200 day simple moving average is $290.79. The firm has a market capitalization of $36.02 billion, a PE ratio of 33.01, a P/E/G ratio of 2.01 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the company earned $1.00 EPS. The firm’s revenue was up 7.4% on a year-over-year basis. On average, equities research analysts predict that Vulcan Materials Company will post 9.23 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be given a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 24.73%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This trade represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.65% of the stock is owned by corporate insiders.

Vulcan Materials Company Profile

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.