Putney Financial Group LLC Has $159,000 Stock Holdings in Vulcan Materials Company $VMC

Putney Financial Group LLC raised its stake in Vulcan Materials Company (NYSE:VMC) by 913.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 608 shares of the construction company’s stock after purchasing an additional 548 shares during the period. Putney Financial Group LLC’s holdings in Vulcan Materials were worth $159,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. ORG Partners LLC boosted its holdings in shares of Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after buying an additional 44 shares during the period. Concord Wealth Partners acquired a new stake in Vulcan Materials during the second quarter worth approximately $33,000. Manchester Capital Management LLC boosted its holdings in shares of Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after acquiring an additional 39 shares during the period. Wayfinding Financial LLC acquired a new position in shares of Vulcan Materials in the first quarter valued at approximately $45,000. Finally, Steph & Co. bought a new position in shares of Vulcan Materials during the second quarter worth approximately $55,000. 90.39% of the stock is owned by institutional investors.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the transaction, the senior vice president directly owned 2,832 shares in the company, valued at $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by company insiders.

Vulcan Materials Stock Performance

VMC opened at $290.13 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $311.74. The firm has a market cap of $38.33 billion, a P/E ratio of 40.52, a price-to-earnings-growth ratio of 2.39 and a beta of 0.92. The business’s fifty day moving average is $296.63 and its 200-day moving average is $277.08.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.72 by $0.12. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the business posted $2.22 earnings per share. Vulcan Materials’s revenue was up 14.4% compared to the same quarter last year. Sell-side analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s dividend payout ratio (DPR) is 27.37%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on VMC shares. Raymond James Financial boosted their price target on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Morgan Stanley dropped their target price on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a report on Monday, July 28th. Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Wells Fargo & Company raised shares of Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Finally, Citigroup reissued a “buy” rating and issued a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $313.17.

Vulcan Materials 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.