16,736 Shares in Vulcan Materials Company $VMC Acquired by Osmosis Investment Management UK Ltd

Osmosis Investment Management UK Ltd acquired a new position in Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 16,736 shares of the construction company’s stock, valued at approximately $4,937,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new position in shares of Vulcan Materials in the second quarter worth $25,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Vulcan Materials during the third quarter valued at about $30,000. Birchwood Financial Partners Inc. bought a new stake in shares of Vulcan Materials during the fourth quarter valued at about $29,000. Meeder Asset Management Inc. lifted its holdings in Vulcan Materials by 71.7% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after purchasing an additional 43 shares during the period. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials in the fourth quarter worth about $36,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE VMC opened at $275.48 on Monday. The company has a 50 day simple moving average of $289.19 and a 200-day simple moving average of $287.48. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The firm has a market capitalization of $35.70 billion, a price-to-earnings ratio of 32.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period in the previous year, the firm posted $2.42 earnings per share. The firm’s revenue was up 2.5% on a year-over-year basis. Equities research analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is 24.56%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.65% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

VMC has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Citigroup dropped their price target on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Royal Bank Of Canada raised their price objective on Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Finally, Stephens upped their target price on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.93.

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.