Vulcan Materials Company $VMC Shares Acquired by Malaga Cove Capital LLC

Malaga Cove Capital LLC grew its stake in Vulcan Materials Company (NYSE:VMC) by 74.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,265 shares of the construction company’s stock after buying an additional 966 shares during the period. Malaga Cove Capital LLC’s holdings in Vulcan Materials were worth $591,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. ORG Partners LLC increased its position in shares of 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 acquiring an additional 44 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of Vulcan Materials in the second quarter valued at about $32,000. Concord Wealth Partners purchased a new position in shares of Vulcan Materials in the second quarter worth about $33,000. Manchester Capital Management LLC lifted its holdings in shares of Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after purchasing an additional 39 shares during the period. Finally, Steph & Co. purchased a new stake in Vulcan Materials in the second quarter valued at approximately $55,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday, October 30th. Citigroup cut their price objective on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a research note on Monday. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. DA Davidson increased their price target on Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Raymond James Financial boosted their price objective on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Two 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $317.58.

Vulcan Materials Stock Up 0.4%

VMC stock opened at $286.30 on Friday. Vulcan Materials Company has a one year low of $215.08 and a one year 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 firm’s fifty day moving average is $296.31 and its 200 day moving average is $278.66. The firm has a market cap of $37.83 billion, a PE ratio of 39.99, a P/E/G ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.12. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the prior year, the company posted $2.22 EPS. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

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 23.28%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the 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 transaction, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. This trade represents a 19.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thompson S. Baker II sold 5,818 shares of Vulcan Materials stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total transaction of $1,700,368.68. The SEC filing for this sale provides additional information. Corporate insiders own 0.62% of the company’s stock.

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.