Vulcan Materials Company $VMC Shares Sold by Blair William & Co. IL

Blair William & Co. IL decreased its position in Vulcan Materials Company (NYSE:VMC) by 0.3% during the 2nd quarter, Holdings Channel reports. The fund owned 73,643 shares of the construction company’s stock after selling 185 shares during the quarter. Blair William & Co. IL’s holdings in Vulcan Materials were worth $19,208,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VMC. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 7.4% in the first 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 in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Vulcan Materials by 11,723.8% during the 1st quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock worth $99,278,000 after buying an additional 421,939 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Vulcan Materials by 5.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after buying an additional 370,434 shares during the last quarter. Nuveen LLC purchased a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $82,659,000. Finally, Vanguard Group Inc. lifted its position in shares of Vulcan Materials by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock worth $3,896,031,000 after buying an additional 347,155 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC opened at $301.48 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The stock has a market capitalization of $39.83 billion, a P/E ratio of 42.11, a P/E/G ratio of 2.47 and a beta of 0.92. The company’s fifty day moving average is $294.29 and its two-hundred day moving average is $270.86. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $309.17.

Vulcan Materials (NYSE:VMC) last announced 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 firm 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%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.35 earnings per share. On average, sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 27.37%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on VMC shares. Royal Bank Of Canada reduced their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Morgan Stanley reduced their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a research report on Wednesday. JPMorgan Chase & Co. lifted their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Finally, Wells Fargo & Company raised shares of Vulcan Materials to a “hold” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $308.58.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the business’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 transaction, the senior vice president directly owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. The trade was a 19.77% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.62% of the company’s stock.

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.