GSG Advisors LLC Makes New $991,000 Investment in Vulcan Materials Company $VMC

GSG Advisors LLC purchased a new position in Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, Holdings Channel reports. The firm purchased 3,359 shares of the construction company’s stock, valued at approximately $991,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Cibc World Market Inc. bought a new stake in Vulcan Materials in the 2nd quarter worth about $2,839,000. OMERS ADMINISTRATION Corp purchased a new position in Vulcan Materials in the 2nd quarter worth about $4,836,000. Osmosis Investment Management UK Ltd purchased a new position in Vulcan Materials in the 2nd quarter worth about $4,937,000. Sanctuary Advisors LLC bought a new position in Vulcan Materials during the 2nd quarter valued at about $6,167,000. Finally, Atlas FRM LLC bought a new position in Vulcan Materials during the 2nd quarter valued at about $1,475,050,000. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Stephens raised their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Barclays increased their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $327.93.

Vulcan Materials Stock Performance

VMC opened at $275.48 on Monday. 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 has a market cap of $35.70 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.99 and a beta of 1.06. The company’s 50 day moving average is $289.19 and its 200 day moving average is $287.48. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09.

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

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.56%.

Insider Activity

In other news, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction 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 sale, the senior vice president owned 6,716 shares of the company’s stock, valued at $1,914,731.60. The trade was a 22.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Profile

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.