Vulcan Materials Company $VMC Shares Bought by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. raised its stake in Vulcan Materials Company (NYSE:VMC) by 6.0% in the second quarter, HoldingsChannel.com reports. The fund owned 1,680 shares of the construction company’s stock after purchasing an additional 95 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Vulcan Materials were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in VMC. Principal Financial Group Inc. increased its stake in Vulcan Materials by 7.4% in the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock valued at $1,518,291,000 after purchasing an additional 445,691 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Vulcan Materials by 11,723.8% in the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock valued at $99,278,000 after purchasing an additional 421,939 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Vulcan Materials by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock valued at $1,625,583,000 after purchasing an additional 370,434 shares during the last quarter. Nuveen LLC acquired a new position in Vulcan Materials in the first quarter valued at $82,659,000. Finally, Vanguard Group Inc. increased its stake in Vulcan Materials by 2.1% in the first quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after purchasing an additional 347,155 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Barclays boosted their price target on Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research report on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research report on Wednesday. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Finally, Morgan Stanley lowered their price target on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus target price of $308.58.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the sale, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by insiders.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $301.48 on Friday. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $309.17. The business has a 50-day moving average of $294.29 and a 200-day moving average of $271.10. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The company has a market capitalization of $39.83 billion, a price-to-earnings ratio of 42.11, a PEG ratio of 2.46 and a beta of 0.92.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.23 billion. During the same period in the previous year, the company earned $2.35 EPS. Vulcan Materials’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 27.37%.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.