Chevy Chase Trust Holdings LLC Increases Stock Holdings in Vulcan Materials Company $VMC

Chevy Chase Trust Holdings LLC increased its holdings in Vulcan Materials Company (NYSE:VMC) by 0.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 69,776 shares of the construction company’s stock after purchasing an additional 516 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Vulcan Materials worth $18,199,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. ORG Partners LLC grew its position in shares of Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after purchasing an additional 44 shares during the period. Concord Wealth Partners acquired a new position in Vulcan Materials in the second quarter valued at $33,000. Manchester Capital Management LLC boosted its holdings in Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after acquiring an additional 39 shares during the last quarter. Wayfinding Financial LLC acquired a new position in Vulcan Materials in the first quarter valued at $45,000. Finally, Steph & Co. acquired a new position in Vulcan Materials in the second quarter valued at $55,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity

In other news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the sale, the senior vice president directly owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

VMC has been the topic of a number of research analyst reports. Citigroup reiterated a “buy” rating and issued a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Morgan Stanley reduced their target price on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a report on Monday, July 28th. Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Royal Bank Of Canada reduced their target price on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. Finally, Barclays boosted their price objective on Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $308.58.

Vulcan Materials Trading Down 0.3%

Shares of VMC opened at $295.37 on Friday. The stock’s 50-day moving average is $296.12 and its two-hundred day moving average is $273.35. The stock has a market cap of $39.02 billion, a PE ratio of 41.25, a P/E/G ratio of 2.41 and a beta of 0.92. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13.

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

Vulcan Materials Announces Dividend

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 given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s payout ratio 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.