Vulcan Materials (NYSE:VMC) Stock Position Lowered by US Bancorp DE

US Bancorp DE lowered its position in shares of Vulcan Materials (NYSE:VMC) by 10.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,718 shares of the construction company’s stock after selling 7,257 shares during the quarter. US Bancorp DE’s holdings in Vulcan Materials were worth $14,139,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Vulcan Materials by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,535,907 shares of the construction company’s stock valued at $2,670,246,000 after purchasing an additional 184,543 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Vulcan Materials by 3.4% during the first quarter. Clearbridge Investments LLC now owns 3,002,832 shares of the construction company’s stock worth $515,166,000 after buying an additional 98,540 shares in the last quarter. Geode Capital Management LLC grew its position in Vulcan Materials by 1.8% in the first quarter. Geode Capital Management LLC now owns 2,855,417 shares of the construction company’s stock worth $488,810,000 after buying an additional 50,151 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Vulcan Materials by 5.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 2,523,785 shares of the construction company’s stock valued at $568,963,000 after buying an additional 140,382 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in shares of Vulcan Materials by 1.4% in the first quarter. Bank of America Corp DE now owns 2,451,586 shares of the construction company’s stock valued at $420,594,000 after buying an additional 35,019 shares in the last quarter. 90.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Vulcan Materials news, Director Melissa H. Anderson sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, October 31st. The stock was 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 owns 1,530 shares of the company’s stock, valued at $299,757.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vulcan Materials news, Director Melissa H. Anderson sold 500 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $195.92, for a total value of $97,960.00. Following the completion of the sale, the director now directly owns 1,530 shares of the company’s stock, valued at approximately $299,757.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Jerry F. Perkins, Jr. sold 788 shares of the stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $210.69, for a total transaction of $166,023.72. Following the completion of the sale, the senior vice president now owns 6,051 shares of the company’s stock, valued at approximately $1,274,885.19. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,863 shares of company stock valued at $1,223,087. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on VMC. Stephens lifted their target price on Vulcan Materials from $230.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, August 4th. JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Thursday, August 24th. Loop Capital upped their price objective on shares of Vulcan Materials from $235.00 to $260.00 in a research note on Friday, August 4th. Seaport Res Ptn upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 24th. Finally, Barclays lifted their price objective on shares of Vulcan Materials from $230.00 to $250.00 and gave the stock an “overweight” rating in a research report on Monday, August 7th. Four research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $239.21.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $212.35 on Friday. The firm has a market cap of $28.21 billion, a P/E ratio of 34.42, a PEG ratio of 1.33 and a beta of 0.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.13 and a quick ratio of 2.47. Vulcan Materials has a fifty-two week low of $159.76 and a fifty-two week high of $229.75. The stock’s 50-day moving average is $207.04 and its two-hundred day moving average is $210.18.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.19 by $0.10. The firm had revenue of $2.19 billion for 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 revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.78 earnings per share. Analysts predict that Vulcan Materials will post 6.85 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Friday, November 10th. Vulcan Materials’s dividend payout ratio is presently 27.88%.

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 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.