Vulcan Materials Company $VMC Stock Holdings Reduced by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC reduced its position in Vulcan Materials Company (NYSE:VMC) by 13.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,597 shares of the construction company’s stock after selling 2,201 shares during the period. Orion Porfolio Solutions LLC’s holdings in Vulcan Materials were worth $4,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. National Pension Service lifted its position in Vulcan Materials by 0.8% during the 2nd quarter. National Pension Service now owns 175,458 shares of the construction company’s stock worth $45,763,000 after acquiring an additional 1,455 shares during the last quarter. Principal Financial Group Inc. raised its stake in Vulcan Materials by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after purchasing an additional 414,828 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Vulcan Materials by 12.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock valued at $2,040,914,000 after purchasing an additional 857,210 shares during the period. Commonwealth Equity Services LLC boosted its holdings in Vulcan Materials by 104.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company’s stock valued at $22,183,000 after purchasing an additional 36,823 shares during the period. Finally, American Century Companies Inc. grew its position in Vulcan Materials by 19.3% in the 2nd quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock worth $66,976,000 after purchasing an additional 41,504 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $274.42 on Monday. The firm has a market capitalization of $35.83 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.02 and a beta of 1.05. The stock has a fifty day moving average price of $304.36 and a two-hundred day moving average price of $297.64. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $331.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.69 and a quick ratio of 1.97.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same quarter in the prior year, the firm posted $2.17 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. As a group, analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, March 9th. Vulcan Materials’s dividend payout ratio (DPR) is presently 25.62%.

Insiders Place Their Bets

In other news, Director Melissa H. Anderson sold 1,137 shares of Vulcan Materials stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thompson S. Baker II sold 7,135 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total value of $2,146,279.35. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 8,937 shares of company stock valued at $2,687,784. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on VMC shares. Morgan Stanley set a $320.00 price objective on shares of Vulcan Materials in a report on Wednesday. Royal Bank Of Canada decreased their target price on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 18th. Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. DA Davidson reduced their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $326.14.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.