Sei Investments Co. Boosts Stake in Vulcan Materials Company $VMC

Sei Investments Co. lifted its holdings in Vulcan Materials Company (NYSE:VMC) by 12.7% in the 1st quarter, Holdings Channel.com reports. The fund owned 168,343 shares of the construction company’s stock after buying an additional 18,971 shares during the quarter. Sei Investments Co.’s holdings in Vulcan Materials were worth $45,840,000 at the end of the most recent quarter.

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

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $280.20 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The firm has a market capitalization of $36.36 billion, a PE ratio of 33.32, a P/E/G ratio of 2.01 and a beta of 1.05. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The business’s fifty day moving average price is $286.78 and its two-hundred day moving average price is $290.55.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. On average, research analysts expect that Vulcan Materials Company will post 9.3 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s payout ratio is presently 24.73%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Stephens lifted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Citigroup dropped their price objective on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Royal Bank Of Canada cut their target price on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 30th. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $327.79.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is owned by insiders.

Vulcan Materials 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.