Tidal Investments LLC Has $10.97 Million Holdings in Vulcan Materials Company $VMC

Tidal Investments LLC lifted its position in Vulcan Materials Company (NYSE:VMC) by 5.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,181 shares of the construction company’s stock after buying an additional 2,041 shares during the quarter. Tidal Investments LLC’s holdings in Vulcan Materials were worth $10,969,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in shares of Vulcan Materials in the 4th quarter valued at about $497,000. NewEdge Advisors LLC lifted its stake in Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares during the last quarter. Empowered Funds LLC lifted its stake in Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after purchasing an additional 190 shares during the last quarter. Focus Partners Wealth lifted its stake in Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in Vulcan Materials by 31.5% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after purchasing an additional 80 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the transaction, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This trade represents a 22.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director J. Hill sold 14,000 shares of Vulcan Materials stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the sale, the director directly owned 58,209 shares of the company’s stock, valued at $16,075,579.53. This represents a 19.39% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 18,212 shares of company stock valued at $5,083,125 over the last 90 days. 0.65% of the stock is currently owned by corporate insiders.

Vulcan Materials Stock Up 1.1%

Shares of VMC opened at $253.24 on Friday. The firm has a market cap of $32.81 billion, a P/E ratio of 29.90, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. Vulcan Materials Company has a 52 week low of $246.20 and a 52 week high of $331.09. The firm’s 50-day simple moving average is $277.82 and its 200 day simple moving average is $282.28.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $2.42 earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Royal Bank Of Canada upped their price objective on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday. DA Davidson began coverage on Vulcan Materials in a report on Tuesday, August 25th. They set a “buy” rating and a $330.00 target price on the stock. Wells Fargo & Company lowered Vulcan Materials from an “equal weight” rating to an “underweight” rating and decreased their target price for the stock from $305.00 to $254.00 in a report on Wednesday. Finally, Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Hold” and a consensus target price of $325.00.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE:VMC) is a major U.S. producer and supplier of construction materials. The company’s primary business is aggregates, including crushed stone, sand and gravel, which are used in roads, bridges, buildings and other infrastructure projects.

Vulcan also produces and distributes asphalt and ready-mixed concrete, as well as calcium products used in construction, industrial and other applications. Its products are sold to public-sector customers, contractors, commercial developers and other businesses involved in construction and infrastructure development.

Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials has expanded through organic growth and acquisitions to operate production facilities, distribution terminals and related assets across much of the United States.