Commerce Bank Takes $1.62 Million Position in Vulcan Materials Company $VMC

Commerce Bank acquired a new stake in Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 5,490 shares of the construction company’s stock, valued at approximately $1,620,000.

Other large investors have also recently bought and sold shares of the company. Atria Investments Inc raised its stake in shares of Vulcan Materials by 54.1% in the 4th quarter. Atria Investments Inc now owns 12,334 shares of the construction company’s stock valued at $3,518,000 after acquiring an additional 4,331 shares in the last quarter. SCS Capital Management LLC bought a new stake in Vulcan Materials during the second quarter worth approximately $19,628,000. BlackRock Inc. bought a new stake in Vulcan Materials during the second quarter worth approximately $2,868,444,000. Westfield Capital Management Co. LP grew its holdings in Vulcan Materials by 7.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company’s stock valued at $72,459,000 after purchasing an additional 17,488 shares during the last quarter. Finally, Palmer Knight Co acquired a new position in Vulcan Materials during the second quarter valued at approximately $9,458,000. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the transaction, the senior vice president owned 6,716 shares in the company, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.65% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

VMC has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Stephens raised their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a report on Thursday, April 30th. DA Davidson began coverage on shares of Vulcan Materials in a research report on Tuesday. They set a “buy” rating and a $330.00 target price for the company. Finally, Royal Bank Of Canada boosted their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research report on Thursday, July 30th. Nine research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $328.64.

Vulcan Materials Stock Down 0.7%

VMC opened at $274.05 on Wednesday. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. 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 stock has a market capitalization of $35.51 billion, a price-to-earnings ratio of 32.36, a P/E/G ratio of 1.99 and a beta of 1.06. The business has a 50 day moving average of $288.31 and a 200-day moving average of $286.97.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company posted $2.42 earnings per share. Vulcan Materials’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

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

Vulcan Materials Company 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.