Vulcan Materials Company $VMC Shares Acquired by National Pension Service

National Pension Service boosted its holdings in Vulcan Materials Company (NYSE:VMC) by 5.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 205,243 shares of the construction company’s stock after acquiring an additional 10,168 shares during the quarter. National Pension Service owned about 0.16% of Vulcan Materials worth $60,549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VMC. Atria Investments Inc lifted its stake in Vulcan Materials by 54.1% during the fourth quarter. Atria Investments Inc now owns 12,334 shares of the construction company’s stock valued at $3,518,000 after buying an additional 4,331 shares in the last quarter. BlackRock Inc. purchased a new stake in shares of Vulcan Materials in the second quarter valued at $2,868,444,000. SCS Capital Management LLC purchased a new position in shares of Vulcan Materials during the second quarter valued at $19,628,000. Westfield Capital Management Co. LP increased its holdings in shares of Vulcan Materials by 7.4% in the 4th 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 period. Finally, Family Legacy Inc. acquired a new stake in shares of Vulcan Materials during the 2nd quarter valued at $6,403,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the company’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 sale, the senior vice president directly owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J. Hill sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the completion of the transaction, the director directly owned 58,209 shares in the company, valued at $16,075,579.53. The trade was a 19.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 18,212 shares of company stock worth $5,083,125 over the last quarter. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Trading Up 1.1%

Shares of Vulcan Materials stock opened at $253.24 on Friday. Vulcan Materials Company has a 52-week low of $246.20 and a 52-week high of $331.09. The firm has a market capitalization of $32.81 billion, a PE ratio of 29.90, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The company’s fifty day moving average price is $277.82 and its two-hundred day moving average price is $282.28.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The company had revenue of $2.16 billion during 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 firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the firm earned $2.42 EPS. On average, analysts expect that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th were given 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 was Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is 24.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VMC shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Oppenheimer assumed coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. DA Davidson assumed coverage on Vulcan Materials in a report on Tuesday, August 25th. They issued a “buy” rating and a $330.00 target price on the stock. Royal Bank Of Canada upped their price target on Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, Wall Street Zen downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Vulcan Materials currently has an average rating of “Hold” and an average target price of $325.00.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE:VMC) is a major U.S. producer and supplier of construction materials. The company’s primary business is aggregates, including crushed stone, sand and gravel, which are used in roads, bridges, buildings and other infrastructure projects.

Vulcan also produces and distributes asphalt and ready-mixed concrete, as well as calcium products used in construction, industrial and other applications. Its products are sold to public-sector customers, contractors, commercial developers and other businesses involved in construction and infrastructure development.

Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials has expanded through organic growth and acquisitions to operate production facilities, distribution terminals and related assets across much of the United States.