Vestor Capital LLC Sells 29,015 Shares of Vulcan Materials (NYSE:VMC)

Vestor Capital LLC trimmed its holdings in Vulcan Materials (NYSE:VMC) by 92.4% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 2,375 shares of the construction company’s stock after selling 29,015 shares during the quarter. Vestor Capital LLC’s holdings in Vulcan Materials were worth $48,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC lifted its holdings in shares of Vulcan Materials by 3.1% in the 1st quarter. Brighton Jones LLC now owns 1,853 shares of the construction company’s stock worth $318,000 after acquiring an additional 55 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of Vulcan Materials by 2.0% in the second quarter. Ritholtz Wealth Management now owns 2,832 shares of the construction company’s stock worth $639,000 after buying an additional 56 shares during the period. Gilbert & Cook Inc. increased its stake in shares of Vulcan Materials by 1.8% in the first quarter. Gilbert & Cook Inc. now owns 3,165 shares of the construction company’s stock worth $543,000 after buying an additional 57 shares during the period. Kentucky Retirement Systems increased its stake in shares of Vulcan Materials by 0.6% in the first quarter. Kentucky Retirement Systems now owns 10,509 shares of the construction company’s stock worth $1,803,000 after buying an additional 60 shares during the period. Finally, AXS Investments LLC increased its stake in shares of Vulcan Materials by 1.0% in the first quarter. AXS Investments LLC now owns 6,368 shares of the construction company’s stock worth $1,092,000 after buying an additional 61 shares during the period. 90.10% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Down 2.6 %

Shares of VMC opened at $210.85 on Thursday. The firm has a market capitalization of $28.02 billion, a P/E ratio of 34.17, a P/E/G ratio of 1.32 and a beta of 0.78. Vulcan Materials has a 12-month low of $159.76 and a 12-month high of $229.75. The company has a current ratio of 3.13, a quick ratio of 2.47 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average price of $207.18 and a 200-day moving average price of $209.92.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.19 by $0.10. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.17 billion. Vulcan Materials had a return on equity of 12.35% and a net margin of 10.74%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.78 earnings per share. Equities research analysts expect that Vulcan Materials will post 6.85 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, November 10th. Vulcan Materials’s payout ratio is currently 27.88%.

Insider Buying and Selling

In other news, SVP Jerry F. Perkins, Jr. sold 4,575 shares of the stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $209.64, for a total transaction of $959,103.00. Following the completion of the sale, the senior vice president now owns 6,839 shares in the company, valued at approximately $1,433,727.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Vulcan Materials news, Director Melissa H. Anderson sold 500 shares of Vulcan Materials stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $195.92, for a total transaction of $97,960.00. Following the completion of the sale, the director now directly owns 1,530 shares in the company, valued at approximately $299,757.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Jerry F. Perkins, Jr. sold 4,575 shares of Vulcan Materials stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $209.64, for a total transaction of $959,103.00. Following the sale, the senior vice president now owns 6,839 shares of the company’s stock, valued at $1,433,727.96. The disclosure for this sale can be found here. Insiders sold a total of 5,863 shares of company stock worth $1,223,087 in the last 90 days. 0.57% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VMC has been the topic of several analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Vulcan Materials from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 24th. Royal Bank of Canada lifted their target price on shares of Vulcan Materials from $212.00 to $236.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Citigroup lifted their target price on shares of Vulcan Materials from $256.00 to $260.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. StockNews.com began coverage on shares of Vulcan Materials in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Finally, DA Davidson boosted their price objective on shares of Vulcan Materials from $225.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, August 7th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $239.21.

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 Aggregates segment 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.