Heck Capital Advisors LLC Purchases 109 Shares of Vulcan Materials Company $VMC

Heck Capital Advisors LLC grew its position in Vulcan Materials Company (NYSE:VMC) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,547 shares of the construction company’s stock after purchasing an additional 109 shares during the period. Heck Capital Advisors LLC’s holdings in Vulcan Materials were worth $403,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of VMC. Principal Financial Group Inc. lifted its stake in Vulcan Materials by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock valued at $1,518,291,000 after acquiring an additional 445,691 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Vulcan Materials by 11,723.8% in the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock worth $99,278,000 after purchasing an additional 421,939 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after purchasing an additional 370,434 shares during the last quarter. Nuveen LLC bought a new position in Vulcan Materials in the first quarter valued at $82,659,000. Finally, Vanguard Group Inc. increased its stake in Vulcan Materials by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after buying an additional 347,155 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on VMC shares. Morgan Stanley reduced their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research note on Monday, July 28th. Royal Bank Of Canada decreased their price target on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Saturday, September 27th. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Finally, Citigroup restated a “buy” rating and set a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $308.36.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the sale, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $304.88 on Tuesday. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $309.17. The stock has a 50 day moving average of $292.05 and a 200-day moving average of $269.57. 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 company has a market capitalization of $40.28 billion, a P/E ratio of 42.58, a P/E/G ratio of 2.49 and a beta of 0.92.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 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 4.4% compared to the same quarter last year. During the same period last year, the firm earned $2.35 earnings per share. As a group, equities research analysts predict that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 14th. Vulcan Materials’s dividend payout ratio is currently 27.37%.

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 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.