Rosenberg Matthew Hamilton Buys 38 Shares of Vulcan Materials Company $VMC

Rosenberg Matthew Hamilton boosted its stake in Vulcan Materials Company (NYSE:VMC) by 6.2% in the second quarter, HoldingsChannel reports. The firm owned 648 shares of the construction company’s stock after acquiring an additional 38 shares during the period. Rosenberg Matthew Hamilton’s holdings in Vulcan Materials were worth $169,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in VMC. Principal Financial Group Inc. increased its holdings in Vulcan Materials by 7.4% in the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock valued at $1,518,291,000 after purchasing an additional 445,691 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Vulcan Materials by 11,723.8% in the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock valued at $99,278,000 after purchasing an additional 421,939 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Vulcan Materials by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after acquiring an additional 370,434 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Vulcan Materials during the first quarter worth about $82,659,000. Finally, Vanguard Group Inc. raised its position in shares of Vulcan Materials by 2.1% during the first quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock worth $3,896,031,000 after purchasing an additional 347,155 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $303.41 on Thursday. The stock has a 50 day moving average price of $295.66 and a 200 day moving average price of $272.29. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $311.74. 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 stock has a market capitalization of $40.09 billion, a PE ratio of 42.38, a price-to-earnings-growth ratio of 2.52 and a beta of 0.92.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 EPS 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 company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period last year, the company posted $2.35 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction that occurred on Friday, September 12th. The stock was 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 directly owned 2,832 shares in the company, valued at approximately $845,521.92. The trade was a 19.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on VMC shares. Citigroup reaffirmed a “buy” rating and set a $321.00 price target (up previously from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. JPMorgan Chase & Co. upped their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Barclays upped their price target on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a report on Wednesday, October 8th. Two research 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 stock. According to MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $308.58.

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.