SCS Capital Management LLC Acquires Shares of 66,533 Vulcan Materials Company $VMC

SCS Capital Management LLC bought a new position in shares of Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 66,533 shares of the construction company’s stock, valued at approximately $19,628,000. SCS Capital Management LLC owned 0.05% of Vulcan Materials at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in Vulcan Materials in the 4th quarter worth approximately $383,613,000. Egerton Capital UK LLP bought a new position in Vulcan Materials in the 4th quarter worth $273,861,000. Bank of New York Mellon Corp purchased a new stake in shares of Vulcan Materials in the 2nd quarter worth about $213,960,000. The Manufacturers Life Insurance Company lifted its position in shares of Vulcan Materials by 908.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 755,682 shares of the construction company’s stock worth $205,772,000 after purchasing an additional 680,761 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Vulcan Materials by 121.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 717,409 shares of the construction company’s stock valued at $204,619,000 after purchasing an additional 393,339 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $281.74 on Friday. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The stock has a market cap of $36.51 billion, a PE ratio of 33.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The company’s fifty day moving average price is $289.52 and its 200-day moving average price is $288.49.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.42 EPS. On average, equities analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is 24.56%.

Analyst Ratings Changes

Several brokerages recently issued reports on VMC. Stephens boosted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada raised their price objective on shares of Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. UBS Group lowered their price objective on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Citigroup cut their price objective on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.93.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.