Dynamic Technology Lab Private Ltd Makes New Investment in Vulcan Materials Company $VMC

Dynamic Technology Lab Private Ltd purchased a new stake in shares of Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,310 shares of the construction company’s stock, valued at approximately $342,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of VMC. Wealth Enhancement Advisory Services LLC boosted its stake 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 worth $5,308,000 after acquiring an additional 4,140 shares during the period. Alpha Cubed Investments LLC boosted its position in shares of Vulcan Materials by 577.2% in the second quarter. Alpha Cubed Investments LLC now owns 48,902 shares of the construction company’s stock valued at $12,755,000 after acquiring an additional 41,681 shares during the period. Vanguard Group Inc. grew its position in shares of Vulcan Materials by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 16,895,644 shares of the construction company’s stock worth $4,406,722,000 after purchasing an additional 195,982 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Vulcan Materials by 4.7% during the second quarter. Nomura Asset Management Co. Ltd. now owns 42,973 shares of the construction company’s stock worth $11,208,000 after buying an additional 1,911 shares in the last quarter. Finally, Atria Wealth Solutions Inc. grew its holdings in shares of Vulcan Materials by 7.8% during 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. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In other news, President Thompson S. Baker II sold 4,853 shares of the firm’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $295.63, for a total transaction of $1,434,692.39. Following the completion of the sale, the president owned 41,485 shares in the company, valued at $12,264,210.55. This trade represents a 10.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total value of $577,100.00. Following the completion of the sale, the senior vice president owned 832 shares in the company, valued at approximately $240,073.60. The trade was a 70.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,369 shares of company stock valued at $3,920,556. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Citigroup reduced their price target on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a report on Thursday, October 30th. Stifel Nicolaus set a $327.00 target price on shares of Vulcan Materials in a research report on Monday, November 3rd. Finally, DA Davidson increased their price target on Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $317.58.

Vulcan Materials Stock Performance

NYSE VMC opened at $292.58 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $294.66 and a 200 day simple moving average of $281.83. The company has a market cap of $38.66 billion, a P/E ratio of 40.86, a PEG ratio of 2.39 and a beta of 0.95. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 EPS for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The firm 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 company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.22 EPS. Sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 23.28%.

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.