Mitsubishi UFJ Trust & Banking Corp Purchases 2,836 Shares of Vulcan Materials Company $VMC

Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,278 shares of the construction company’s stock after purchasing an additional 2,836 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of Vulcan Materials worth $18,330,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in shares of Vulcan Materials in the 4th quarter worth about $497,000. Stephens Inc. AR increased its holdings in Vulcan Materials by 32.6% during the 1st quarter. Stephens Inc. AR now owns 4,557 shares of the construction company’s stock worth $1,063,000 after purchasing an additional 1,120 shares in the last quarter. CWM LLC raised its stake in shares of Vulcan Materials by 102.5% in the first quarter. CWM LLC now owns 10,036 shares of the construction company’s stock worth $2,341,000 after purchasing an additional 5,081 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of Vulcan Materials by 10.7% in the first quarter. Apollon Wealth Management LLC now owns 1,283 shares of the construction company’s stock valued at $299,000 after purchasing an additional 124 shares in the last quarter. Finally, Wealthfront Advisers LLC boosted its position in shares of Vulcan Materials by 11.2% during the first quarter. Wealthfront Advisers LLC now owns 11,211 shares of the construction company’s stock valued at $2,616,000 after buying an additional 1,126 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

VMC opened at $280.38 on Friday. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74. The firm has a 50-day moving average of $296.02 and a 200 day moving average of $280.56. 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 has a market cap of $37.05 billion, a P/E ratio of 39.16, a PEG ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 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 quarter in the previous year, the firm posted $2.22 earnings per share. The company’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be paid a $0.49 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is presently 23.28%.

Wall Street Analyst Weigh In

A number of research firms recently commented on VMC. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Stifel Nicolaus set a $327.00 target price on shares of Vulcan Materials in a research note on Monday, November 3rd. Barclays increased their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Royal Bank Of Canada reduced their price objective on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Finally, Citigroup decreased their price objective on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $317.58.

Insiders Place Their Bets

In other news, President Thompson S. Baker II sold 4,853 shares of the stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $295.63, for a total transaction of $1,434,692.39. Following the completion of the transaction, the president owned 41,485 shares in the company, valued at approximately $12,264,210.55. This represents a 10.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David P. Clement sold 698 shares of the business’s stock in a transaction dated Friday, September 12th. The shares were 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 owned 2,832 shares in the company, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,369 shares of company stock valued at $3,343,456 over the last three months. Company insiders own 0.62% of the company’s stock.

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.