Sagespring Wealth Partners LLC Has $384,000 Stock Holdings in Vulcan Materials Company $VMC

Sagespring Wealth Partners LLC boosted its position in Vulcan Materials Company (NYSE:VMC) by 51.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,472 shares of the construction company’s stock after acquiring an additional 501 shares during the period. Sagespring Wealth Partners LLC’s holdings in Vulcan Materials were worth $384,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC lifted its holdings in Vulcan Materials by 86.3% in the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares during the period. Concord Wealth Partners bought a new position in shares of Vulcan Materials in the 2nd quarter worth $33,000. Manchester Capital Management LLC grew its stake in shares of Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after purchasing an additional 39 shares during the period. Wayfinding Financial LLC bought a new stake in Vulcan Materials in the first quarter valued at about $45,000. Finally, Steph & Co. bought a new stake in Vulcan Materials in the second quarter valued at about $55,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of recent analyst reports. Citigroup restated a “buy” rating and set a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. Barclays lifted their price objective on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Royal Bank Of Canada lowered their target price on shares of 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. Morgan Stanley reduced their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $308.58.

Insider Buying and Selling

In related news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction on 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 directly owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This represents a 19.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Trading Down 0.3%

NYSE VMC opened at $295.37 on Friday. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The firm has a market cap of $39.02 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.42 and a beta of 0.92. The stock’s 50-day moving average is $296.12 and its 200-day moving average is $273.13.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. Vulcan Materials’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.35 earnings per share. Sell-side analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s 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.