Quilter Plc Acquires 180 Shares of Vulcan Materials Company $VMC

Quilter Plc increased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 3.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,973 shares of the construction company’s stock after buying an additional 180 shares during the period. Quilter Plc’s holdings in Vulcan Materials were worth $1,558,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Highview Capital Management LLC DE raised its position in shares of Vulcan Materials by 3.6% during the 2nd quarter. Highview Capital Management LLC DE now owns 3,899 shares of the construction company’s stock valued at $1,017,000 after acquiring an additional 134 shares during the last quarter. Vanguard Group Inc. increased its holdings in Vulcan Materials by 1.2% in the second quarter. Vanguard Group Inc. now owns 16,895,644 shares of the construction company’s stock valued at $4,406,722,000 after purchasing an additional 195,982 shares during the last quarter. Pinnacle Wealth Planning Services Inc. bought a new stake in Vulcan Materials in the second quarter valued at about $245,000. Nomura Asset Management Co. Ltd. lifted its stake in Vulcan Materials by 4.7% in the second quarter. Nomura Asset Management Co. Ltd. now owns 42,973 shares of the construction company’s stock valued at $11,208,000 after buying an additional 1,911 shares during the period. Finally, Symphony Financial Ltd. Co. bought a new position in Vulcan Materials during the second quarter worth about $23,891,000. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, President Thompson S. Baker II sold 4,853 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $295.63, for a total transaction of $1,434,692.39. Following the completion of the transaction, the president directly owned 41,485 shares in the company, valued at $12,264,210.55. This represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. The trade was a 19.77% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 11,369 shares of company stock worth $3,343,456 over the last quarter. 0.61% of the stock is owned by corporate insiders.

Vulcan Materials Trading Up 0.9%

Shares of NYSE:VMC opened at $284.32 on Thursday. The firm has a market cap of $37.57 billion, a price-to-earnings ratio of 39.71, 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. The company’s fifty day simple moving average is $295.22 and its 200 day simple moving average is $281.17. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.12. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company’s revenue for the quarter was up 14.4% on a year-over-year basis. During the same quarter last year, the business posted $2.22 EPS. As a group, research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on VMC shares. JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. DA Davidson boosted their price target 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 restated a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday, October 30th. Raymond James Financial lifted their target price on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Barclays increased their price target on Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.58.

About Vulcan Materials

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.