Sequoia Financial Advisors LLC Grows Position in Vulcan Materials Company $VMC

Sequoia Financial Advisors LLC grew its stake in Vulcan Materials Company (NYSE:VMC) by 22.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,600 shares of the construction company’s stock after purchasing an additional 468 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vulcan Materials were worth $678,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of VMC. Brighton Jones LLC purchased a new stake in Vulcan Materials in the 4th quarter worth approximately $497,000. GAMMA Investing LLC boosted its position in Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock worth $398,000 after purchasing an additional 365 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in Vulcan Materials by 42.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company’s stock worth $3,686,000 after purchasing an additional 4,678 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Vulcan Materials by 24.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company’s stock worth $215,000 after purchasing an additional 180 shares in the last quarter. Finally, Guyasuta Investment Advisors Inc. purchased a new stake in Vulcan Materials in the 1st quarter worth approximately $11,875,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the sale, the senior vice president directly owned 2,832 shares of the company’s stock, valued at $845,521.92. This trade represents a 19.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Royal Bank Of Canada dropped their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Morgan Stanley dropped their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Monday, July 28th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Finally, Barclays lifted their price target on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $308.58.

Vulcan Materials Trading Down 0.3%

Shares of VMC stock opened at $295.37 on Monday. The stock’s fifty day moving average is $296.12 and its two-hundred day moving average is $273.60. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The firm has a market capitalization of $39.02 billion, a P/E ratio of 41.25, a PEG ratio of 2.41 and a beta of 0.92. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.35 EPS. Research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be issued a $0.49 dividend. 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 (DPR) is presently 27.37%.

Vulcan Materials Company 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.