CVA Family Office LLC Raises Stake in Vulcan Materials Company $VMC

CVA Family Office LLC raised its holdings in Vulcan Materials Company (NYSE:VMC) by 15.3% during the second quarter, HoldingsChannel reports. The firm owned 332 shares of the construction company’s stock after buying an additional 44 shares during the period. CVA Family Office LLC’s holdings in Vulcan Materials were worth $87,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. increased its position 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 during the period. Jones Financial Companies Lllp grew its stake in shares of Vulcan Materials by 11,723.8% in the 1st quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock valued at $99,278,000 after purchasing an additional 421,939 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Vulcan Materials by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock valued at $1,625,583,000 after purchasing an additional 370,434 shares during the period. Nuveen LLC acquired a new position in shares of Vulcan Materials in the first quarter valued at approximately $82,659,000. Finally, Vanguard Group Inc. raised its stake in shares of Vulcan Materials by 2.1% during the first quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock worth $3,896,031,000 after purchasing an additional 347,155 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.2%

Shares of VMC opened at $292.63 on Friday. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $311.74. 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 firm has a market capitalization of $38.66 billion, a P/E ratio of 40.87, a PEG ratio of 2.37 and a beta of 0.92. The firm’s 50-day moving average is $296.37 and its two-hundred day moving average is $275.60.

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

Vulcan Materials Announces Dividend

The company also recently declared 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. The ex-dividend date is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is currently 27.37%.

Insider Activity

In other news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction 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 transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. The trade was a 19.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.62% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VMC shares. Morgan Stanley lowered their price objective 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. Barclays lifted their target price on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Monday, October 20th. Wells Fargo & Company raised shares of Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. Raymond James Financial lifted their price objective on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Finally, Citigroup reissued a “buy” rating and set a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $313.17.

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.