Harwood Advisory Group LLC Invests $2.63 Million in Vulcan Materials (NYSE:VMC)

Harwood Advisory Group LLC purchased a new position in Vulcan Materials (NYSE:VMC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,182 shares of the construction company’s stock, valued at approximately $2,634,000.

A number of other large investors also recently made changes to their positions in the stock. Chase Investment Counsel Corp purchased a new position in Vulcan Materials in the second quarter worth $5,103,000. Mitsubishi UFJ Trust & Banking Corp grew its position in Vulcan Materials by 5.6% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 106,589 shares of the construction company’s stock worth $14,433,000 after acquiring an additional 5,624 shares in the last quarter. Wells Fargo & Company MN grew its position in Vulcan Materials by 2.9% in the second quarter. Wells Fargo & Company MN now owns 1,948,358 shares of the construction company’s stock worth $267,530,000 after acquiring an additional 54,487 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Vulcan Materials in the second quarter worth $379,000. Finally, Westhampton Capital LLC purchased a new position in Vulcan Materials in the second quarter worth $316,000. Institutional investors own 95.62% of the company’s stock.

NYSE VMC traded down $3.63 during trading on Friday, hitting $139.73. 803,383 shares of the company’s stock traded hands, compared to its average volume of 866,305. The stock has a fifty day moving average of $138.33 and a two-hundred day moving average of $126.14. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. Vulcan Materials has a 12-month low of $82.52 and a 12-month high of $144.23. The firm has a market cap of $18.96 billion, a P/E ratio of 34.50, a PEG ratio of 1.69 and a beta of 0.93.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.45 by $0.03. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.23 earnings per share. As a group, analysts expect that Vulcan Materials will post 4.84 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.31 per share. The ex-dividend date is Tuesday, August 20th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.89%. Vulcan Materials’s dividend payout ratio is currently 30.62%.

Several research analysts recently issued reports on VMC shares. SunTrust Banks upped their target price on shares of Vulcan Materials to $145.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Zacks Investment Research upgraded shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $144.00 target price for the company in a research report on Thursday, May 9th. Longbow Research upped their target price on shares of Vulcan Materials from $145.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. DA Davidson upped their target price on shares of Vulcan Materials to $150.00 and gave the stock a “neutral” rating in a research report on Thursday, June 6th. They noted that the move was a valuation call. Finally, ValuEngine lowered shares of Vulcan Materials from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $135.44.

In other news, insider Stanley G. Bass sold 6,207 shares of the stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $135.80, for a total transaction of $842,910.60. Following the completion of the sale, the insider now directly owns 53,813 shares in the company, valued at $7,307,805.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Randy L. Pigg sold 1,754 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $134.96, for a total transaction of $236,719.84. Following the sale, the vice president now owns 3,034 shares of the company’s stock, valued at $409,468.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,287 shares of company stock valued at $1,260,033. 0.79% of the stock is currently owned by company insiders.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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