Sanctuary Advisors LLC Makes New $6.17 Million Investment in Vulcan Materials Company $VMC

Sanctuary Advisors LLC purchased a new stake in shares of Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, HoldingsChannel reports. The firm purchased 20,906 shares of the construction company’s stock, valued at approximately $6,167,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMC. Atlas FRM LLC purchased a new position in shares of Vulcan Materials in the second quarter worth about $1,475,050,000. Meiji Yasuda Asset Management Co Ltd. bought a new position in Vulcan Materials during the 2nd quarter worth approximately $3,785,000. Haverford Trust Co bought a new position in Vulcan Materials during the 2nd quarter worth approximately $230,000. Bank of Nova Scotia purchased a new position in Vulcan Materials in the 2nd quarter worth approximately $9,368,000. Finally, Elevation Point Wealth Partners LLC purchased a new position in Vulcan Materials in the 2nd quarter worth approximately $964,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Down 0.1%

VMC opened at $275.87 on Tuesday. The business has a 50 day simple moving average of $288.85 and a two-hundred day simple moving average of $287.23. The firm has a market capitalization of $35.75 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 1.99 and a beta of 1.06. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09.

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

Vulcan Materials Dividend Announcement

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

Insider Buying and Selling

In related news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the sale, the senior vice president owned 6,716 shares of the company’s stock, valued at $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on VMC. UBS Group lowered their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Barclays lifted their target price on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial reissued an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Finally, Stephens raised their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $327.93.

Vulcan Materials Company 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.