Vulcan Materials Company $VMC Shares Sold by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC decreased its position in shares of Vulcan Materials Company (NYSE:VMC) by 8.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,403 shares of the construction company’s stock after selling 137 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Vulcan Materials were worth $378,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMC. Principal Financial Group Inc. lifted its holdings in shares of Vulcan Materials by 7.4% during the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock worth $1,518,291,000 after purchasing an additional 445,691 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Vulcan Materials by 11,723.8% during the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock worth $99,278,000 after purchasing an additional 421,939 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after purchasing an additional 370,434 shares during the period. Nuveen LLC acquired a new stake in shares of Vulcan Materials during the first quarter worth about $82,659,000. Finally, Vanguard Group Inc. lifted its holdings 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 and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of research reports. Morgan Stanley decreased their target price on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a report on Monday, July 28th. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a report on Wednesday, October 8th. Raymond James Financial boosted their price target on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Royal Bank Of Canada decreased their price target on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $313.17.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.62% of the stock is owned by company insiders.

Vulcan Materials Trading Down 0.5%

Shares of NYSE:VMC opened at $292.06 on Friday. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74. The company has a market capitalization of $38.59 billion, a PE ratio of 40.79, a PEG ratio of 2.39 and a beta of 0.92. The business has a 50 day moving average of $296.35 and a two-hundred day moving average of $274.79. 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 posted 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 business 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 firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.35 earnings per share. As a group, analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a $0.49 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 27.37%.

About Vulcan Materials

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.