Vulcan Materials Company $VMC Shares Purchased by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. increased its stake in shares of Vulcan Materials Company (NYSE:VMC) by 16.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,575 shares of the construction company’s stock after acquiring an additional 218 shares during the period. Koshinski Asset Management Inc.’s holdings in Vulcan Materials were worth $411,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ORG Partners LLC grew its holdings in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after acquiring an additional 44 shares during the period. Concord Wealth Partners acquired a new stake in Vulcan Materials during the second quarter worth about $33,000. Manchester Capital Management LLC grew its holdings in 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 acquiring an additional 39 shares during the period. Wayfinding Financial LLC acquired a new stake in Vulcan Materials during the first quarter worth about $45,000. Finally, Steph & Co. acquired a new stake in Vulcan Materials in the second quarter valued at approximately $55,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 698 shares of Vulcan Materials 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 transaction, the senior vice president owned 2,832 shares in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on VMC shares. Barclays upped their target price on Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target 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. Citigroup reissued a “buy” rating and issued a $321.00 price target (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada dropped their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $309.83.

Vulcan Materials Stock Performance

NYSE VMC opened at $295.53 on Tuesday. The company has a market cap of $39.05 billion, a PE ratio of 41.27, a price-to-earnings-growth ratio of 2.41 and a beta of 0.92. The stock’s 50 day simple moving average is $296.33 and its 200-day simple moving average is $274.06. Vulcan Materials Company has a 1-year low of $215.08 and a 1-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.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). The firm had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business’s revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the business earned $2.35 EPS. As a group, equities research analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Monday, November 10th. Vulcan Materials’s dividend payout ratio (DPR) is 27.37%.

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 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.