Focus Partners Advisor Solutions LLC Increases Position in Vulcan Materials Company $VMC

Focus Partners Advisor Solutions LLC grew its stake in Vulcan Materials Company (NYSE:VMC) by 35.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,036 shares of the construction company’s stock after acquiring an additional 1,568 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Vulcan Materials were worth $1,574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC increased its holdings in shares of Vulcan Materials by 21.0% in the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company’s stock valued at $222,000 after acquiring an additional 165 shares during the period. GAMMA Investing LLC increased its holdings in shares of Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock valued at $398,000 after acquiring an additional 365 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Vulcan Materials by 26.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,938 shares of the construction company’s stock valued at $5,308,000 after acquiring an additional 4,140 shares during the period. Atria Wealth Solutions Inc. boosted its position in shares of Vulcan Materials by 7.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 3,870 shares of the construction company’s stock worth $903,000 after purchasing an additional 281 shares in the last quarter. Finally, Diversified Trust Co boosted its position in shares of Vulcan Materials by 3.2% in the 2nd quarter. Diversified Trust Co now owns 1,625 shares of the construction company’s stock worth $424,000 after purchasing an additional 51 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research report on Wednesday, October 8th. Barclays raised their price objective on Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Finally, Morgan Stanley lowered their price objective on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Two 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $313.17.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction dated 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 transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This represents a 19.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.61% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $292.63 on Monday. The stock has a market cap of $38.66 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 2.37 and a beta of 0.92. The business has a 50-day simple moving average of $296.37 and a 200-day simple moving average of $275.85. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $311.74.

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

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend 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 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.