Vulcan Materials Company $VMC Shares Sold by Equitable Trust Co.

Equitable Trust Co. trimmed its position in Vulcan Materials Company (NYSE:VMC) by 6.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,472 shares of the construction company’s stock after selling 1,073 shares during the period. Equitable Trust Co.’s holdings in Vulcan Materials were worth $4,296,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC grew its position in Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in Vulcan Materials in the 1st quarter valued at $27,000. Concord Wealth Partners purchased a new position in Vulcan Materials in the 2nd quarter valued at $33,000. Manchester Capital Management LLC grew its position in Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares during the last quarter. Finally, Wayfinding Financial LLC purchased a new position in Vulcan Materials in the 1st quarter valued at $45,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on VMC shares. Citigroup restated a “buy” rating and set a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Morgan Stanley decreased their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 26th. Royal Bank Of Canada decreased their target price on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research report on Friday, August 1st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $308.58.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction 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 $845,521.92. This represents a 19.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.61% of the stock is currently owned by corporate insiders.

Vulcan Materials Trading Up 0.6%

Shares of VMC stock opened at $303.22 on Tuesday. The firm has a 50-day moving average price of $294.71 and a 200 day moving average price of $271.82. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $309.17. The company has a market capitalization of $40.06 billion, a price-to-earnings ratio of 42.35, a PEG ratio of 2.46 and a beta of 0.92. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

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

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.96 annualized dividend and a yield of 0.6%. Vulcan Materials’s payout ratio is presently 27.37%.

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.