iSAM Funds UK Ltd Invests $873,000 in Vulcan Materials Company $VMC

iSAM Funds UK Ltd purchased a new stake in Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,960 shares of the construction company’s stock, valued at approximately $873,000.

Other institutional investors have also recently modified their holdings of the company. Nykredit A S acquired a new position in Vulcan Materials during the second quarter worth $17,035,000. B. Metzler seel. Sohn & Co. AG lifted its holdings in Vulcan Materials by 61.1% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 10,878 shares of the construction company’s stock valued at $3,209,000 after acquiring an additional 4,125 shares during the period. Ironvine Capital Partners LLC purchased a new stake in shares of Vulcan Materials during the 2nd quarter worth $10,044,000. Proficio Capital Partners LLC boosted its position in shares of Vulcan Materials by 38.6% during the 2nd quarter. Proficio Capital Partners LLC now owns 2,266 shares of the construction company’s stock worth $668,000 after purchasing an additional 631 shares in the last quarter. Finally, Teza Capital Management LLC acquired a new position in shares of Vulcan Materials during the 2nd quarter worth $223,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on VMC. Wells Fargo & Company reduced their price objective on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, August 29th. UBS Group dropped their target price 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. Royal Bank Of Canada lifted their price target on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Finally, DA Davidson began coverage on Vulcan Materials in a research note on Tuesday, August 25th. They set a “buy” rating and a $330.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $328.64.

Vulcan Materials Trading Up 1.7%

NYSE:VMC opened at $264.00 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $284.35 and a 200-day simple moving average of $284.73. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The company has a market capitalization of $34.21 billion, a PE ratio of 31.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.05.

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, topping analysts’ consensus estimates 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 analysts’ expectations of $2.14 billion. During the same quarter 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 expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 13th. Vulcan Materials’s payout ratio is 24.56%.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This trade represents a 20.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Thomas Hill sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the completion of the transaction, the director directly owned 58,209 shares of the company’s stock, valued at approximately $16,075,579.53. This represents a 19.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,212 shares of company stock valued at $5,083,125 in the last three months. 0.65% of the stock is currently owned by corporate 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.