Parkside Financial Bank & Trust Has $761,000 Stock Holdings in Vulcan Materials Company $VMC

Parkside Financial Bank & Trust raised its position in Vulcan Materials Company (NYSE:VMC) by 407.7% during the 2nd quarter, HoldingsChannel reports. The fund owned 2,579 shares of the construction company’s stock after buying an additional 2,071 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Vulcan Materials were worth $761,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. California State Teachers Retirement System grew its stake in shares of Vulcan Materials by 30,567.8% during the 2nd quarter. California State Teachers Retirement System now owns 68,744,705 shares of the construction company’s stock worth $20,280,375,000 after acquiring an additional 68,520,546 shares in the last quarter. BlackRock Inc. bought a new stake in shares of Vulcan Materials in the second quarter worth $2,868,444,000. Geode Capital Management LLC lifted its position in shares of Vulcan Materials by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company’s stock worth $1,016,168,000 after purchasing an additional 32,012 shares in the last quarter. Bank of America Corp DE acquired a new position in Vulcan Materials during the second quarter worth $688,580,000. Finally, Morgan Stanley boosted its holdings in Vulcan Materials by 7.9% during the fourth quarter. Morgan Stanley now owns 1,727,232 shares of the construction company’s stock worth $492,642,000 after purchasing an additional 126,523 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other Vulcan Materials news, Director J. Hill sold 14,000 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $276.17, for a total value of $3,866,380.00. Following the transaction, the director directly owned 58,209 shares of the company’s stock, valued at $16,075,579.53. This represents a 19.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president directly owned 6,716 shares in the company, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 18,212 shares of company stock valued at $5,083,125 in the last ninety days. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Stock Performance

VMC opened at $258.86 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The business has a 50 day moving average of $280.79 and a 200-day moving average of $283.23. The stock has a market cap of $33.54 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 2.36 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same quarter in the prior year, the business earned $2.42 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, equities research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th were paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.56%.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of analyst reports. Wells Fargo & Company decreased their target price 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. UBS Group cut their price target on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. Royal Bank Of Canada raised their price objective on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Oppenheimer started coverage on Vulcan Materials in a research report on Thursday, May 28th. They issued a “market perform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $328.64.

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.