Ensign Peak Advisors Inc Increases Position in Vulcan Materials Company $VMC

Ensign Peak Advisors Inc boosted its position in Vulcan Materials Company (NYSE:VMC) by 1.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 85,700 shares of the construction company’s stock after acquiring an additional 1,211 shares during the period. Ensign Peak Advisors Inc owned about 0.06% of Vulcan Materials worth $22,352,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Vulcan Materials by 26.2% during 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 buying an additional 4,140 shares during the period. Alpha Cubed Investments LLC boosted its holdings in Vulcan Materials by 577.2% in the 2nd quarter. Alpha Cubed Investments LLC now owns 48,902 shares of the construction company’s stock worth $12,755,000 after acquiring an additional 41,681 shares during the period. Atria Wealth Solutions Inc. grew its position in Vulcan Materials by 7.8% in the first quarter. Atria Wealth Solutions Inc. now owns 3,870 shares of the construction company’s stock valued at $903,000 after acquiring an additional 281 shares in the last quarter. Diversified Trust Co raised its stake in shares of Vulcan Materials by 3.2% during the second quarter. Diversified Trust Co now owns 1,625 shares of the construction company’s stock valued at $424,000 after purchasing an additional 51 shares during the period. Finally, Bank of Montreal Can lifted its position in shares of Vulcan Materials by 2.8% during the second quarter. Bank of Montreal Can now owns 146,145 shares of the construction company’s stock worth $38,118,000 after purchasing an additional 3,959 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a report on Thursday, October 30th. Royal Bank Of Canada lowered their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Stifel Nicolaus set a $327.00 price target on Vulcan Materials in a report on Monday, November 3rd. Finally, Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $317.58.

Insiders Place Their Bets

In related news, 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 transaction of $208,394.88. Following the completion of the sale, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. This represents a 19.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Thompson S. Baker II sold 4,853 shares of the firm’s stock in a transaction dated 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 directly owned 41,485 shares in the company, valued at $12,264,210.55. This represents a 10.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,369 shares of company stock worth $3,343,456 over the last three months. 0.62% of the stock is owned by corporate insiders.

Vulcan Materials Stock Up 0.7%

Shares of Vulcan Materials stock opened at $287.97 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $294.78 and a 200 day moving average price of $281.33. 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 market cap of $38.05 billion, a P/E ratio of 40.22, a P/E/G ratio of 2.39 and a beta of 0.95.

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

Vulcan Materials Dividend Announcement

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

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.