BB&T Securities LLC acquired a new position in Vulcan Materials Company (NYSE:VMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 12,838 shares of the construction company’s stock, valued at approximately $1,626,000.

A number of other institutional investors also recently bought and sold shares of the company. OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Vulcan Materials by 29.4% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,459 shares of the construction company’s stock worth $296,000 after buying an additional 559 shares in the last quarter. BB&T Corp raised its stake in Vulcan Materials by 5.3% in the second quarter. BB&T Corp now owns 4,042 shares of the construction company’s stock worth $512,000 after buying an additional 202 shares during the last quarter. Leavell Investment Management Inc. raised its stake in Vulcan Materials by 1.0% in the first quarter. Leavell Investment Management Inc. now owns 76,841 shares of the construction company’s stock worth $9,258,000 after buying an additional 750 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in Vulcan Materials by 94.9% in the first quarter. Canada Pension Plan Investment Board now owns 375,977 shares of the construction company’s stock worth $45,298,000 after buying an additional 183,100 shares during the last quarter. Finally, Pax World Management LLC acquired a new stake in Vulcan Materials during the first quarter worth about $2,410,000. Institutional investors own 84.88% of the company’s stock.

Shares of Vulcan Materials Company (VMC) opened at 113.13 on Friday. Vulcan Materials Company has a one year low of $105.71 and a one year high of $138.18. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 36.42 and a beta of 0.93. The company has a 50 day moving average of $120.74 and a 200-day moving average of $122.57.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.32. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 earnings per share. On average, analysts anticipate that Vulcan Materials Company will post $3.46 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.88%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s dividend payout ratio is currently 32.36%.

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A number of equities research analysts have recently issued reports on VMC shares. Argus upped their target price on shares of Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Citigroup Inc. reaffirmed a “buy” rating on shares of Vulcan Materials in a report on Thursday, May 11th. Zacks Investment Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a report on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a report on Monday, June 19th. Finally, Jefferies Group LLC set a $114.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. Vulcan Materials has an average rating of “Hold” and an average target price of $136.00.

In related news, VP Ejaz A. Khan sold 2,024 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total value of $253,607.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the sale, the general counsel now directly owns 5,292 shares of the company’s stock, valued at $698,544. The disclosure for this sale can be found here. Over the last three months, insiders sold 6,743 shares of company stock valued at $876,515. Company insiders own 0.89% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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