Savant Capital LLC Boosts Position in Vulcan Materials Company $VMC

Savant Capital LLC lifted its position in Vulcan Materials Company (NYSE:VMC) by 45.7% in the second quarter, HoldingsChannel reports. The firm owned 3,836 shares of the construction company’s stock after buying an additional 1,204 shares during the period. Savant Capital LLC’s holdings in Vulcan Materials were worth $1,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VMC. Malaga Cove Capital LLC boosted its holdings in Vulcan Materials by 74.4% in the 2nd quarter. Malaga Cove Capital LLC now owns 2,265 shares of the construction company’s stock valued at $591,000 after purchasing an additional 966 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Vulcan Materials by 7.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 1,022 shares of the construction company’s stock worth $267,000 after buying an additional 71 shares during the last quarter. Waverton Investment Management Ltd raised its position in shares of Vulcan Materials by 3.9% during the 2nd quarter. Waverton Investment Management Ltd now owns 220,153 shares of the construction company’s stock valued at $57,403,000 after buying an additional 8,272 shares during the period. Resona Asset Management Co. Ltd. lifted its holdings in Vulcan Materials by 6.0% in the second quarter. Resona Asset Management Co. Ltd. now owns 43,559 shares of the construction company’s stock valued at $11,370,000 after acquiring an additional 2,452 shares during the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new position in Vulcan Materials in the second quarter worth approximately $32,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $283.72 on Friday. The stock has a market capitalization of $37.49 billion, a price-to-earnings ratio of 39.63, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The business has a 50-day moving average of $296.30 and a 200 day moving average of $280.31. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The company had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. During the same period in the prior year, the firm earned $2.22 earnings per share. The business’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is 23.28%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Raymond James Financial lifted their target price on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada cut their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Wells Fargo & Company raised shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Barclays increased their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, Citigroup reduced their price target on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average price target of $317.58.

Insider Activity at Vulcan Materials

In other news, President Thompson S. Baker II sold 5,818 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $292.26, for a total value of $1,700,368.68. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the transaction, 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,369 shares of company stock valued at $3,343,456 in the last three months. 0.62% of the stock is currently owned by corporate insiders.

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.