Aviva PLC Increases Holdings in Vulcan Materials Company $VMC

Aviva PLC lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 6.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,459 shares of the construction company’s stock after purchasing an additional 6,208 shares during the period. Aviva PLC owned about 0.07% of Vulcan Materials worth $25,680,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Unified Investment Management grew its position in shares of Vulcan Materials by 1.7% during the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock valued at $589,000 after acquiring an additional 38 shares during the period. Rosenberg Matthew Hamilton lifted its stake in Vulcan Materials by 6.2% in the second quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock valued at $169,000 after purchasing an additional 38 shares during the last quarter. Manchester Capital Management LLC grew its holdings in Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after purchasing an additional 39 shares during the period. Chemistry Wealth Management LLC increased its position in Vulcan Materials by 3.0% in the second quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock worth $350,000 after buying an additional 39 shares during the last quarter. Finally, ORG Partners LLC increased its position in Vulcan Materials by 86.3% in the second 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 last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on VMC shares. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. DA Davidson upped their price objective on shares of Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. Morgan Stanley lowered their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. Finally, Raymond James Financial raised their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $317.58.

Vulcan Materials Stock Up 0.5%

Shares of NYSE VMC opened at $287.62 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $296.24 and a 200-day moving average of $279.55. The firm has a market capitalization of $38.00 billion, a price-to-earnings ratio of 40.17, a PEG ratio of 2.39 and a beta of 0.95. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the firm posted $2.22 earnings per share. Vulcan Materials’s quarterly revenue was up 14.4% on a year-over-year basis. Sell-side analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s payout ratio is currently 23.28%.

Insider Buying and Selling at Vulcan Materials

In related news, President Thompson S. Baker II sold 5,818 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $292.26, for a total value of $1,700,368.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP David P. Clement sold 698 shares of Vulcan Materials 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 sale, the senior vice president directly owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.62% of the stock is currently owned by insiders.

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.