Stifel Financial Corp grew its stake in shares of Vulcan Materials Company (NYSE:VMC) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 72,343 shares of the construction company’s stock after purchasing an additional 2,774 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of Vulcan Materials worth $9,189,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its position in shares of Vulcan Materials by 2.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 418,466 shares of the construction company’s stock worth $53,012,000 after purchasing an additional 11,647 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in shares of Vulcan Materials by 29.4% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 2,459 shares of the construction company’s stock worth $296,000 after purchasing an additional 559 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Vulcan Materials by 7.5% in the 2nd quarter. Principal Financial Group Inc. now owns 554,208 shares of the construction company’s stock worth $70,207,000 after purchasing an additional 38,479 shares during the last quarter. Geneva Advisors LLC bought a new stake in shares of Vulcan Materials in the 2nd quarter worth approximately $647,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Vulcan Materials by 1.2% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 264,909 shares of the construction company’s stock worth $33,559,000 after purchasing an additional 3,265 shares during the last quarter. 87.13% of the stock is owned by institutional investors.

Shares of Vulcan Materials Company (VMC) opened at 119.71 on Wednesday. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18. The firm has a market capitalization of $15.83 billion, a PE ratio of 38.54 and a beta of 0.87. The company has a 50-day moving average price of $117.03 and a 200 day moving average price of $122.22.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.32). Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $0.90 EPS. The business’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that Vulcan Materials Company will post $3.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, August 21st. Vulcan Materials’s payout ratio is currently 32.36%.

In related news, insider David B. Pasley sold 1,250 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.51, for a total transaction of $151,887.50. Following the completion of the sale, the insider now directly owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Mills sold 981 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $117.55, for a total value of $115,316.55. Following the sale, the insider now directly owns 23,871 shares of the company’s stock, valued at $2,806,036.05. The disclosure for this sale can be found here. 0.89% of the stock is owned by insiders.

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A number of brokerages recently commented on VMC. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Jefferies Group LLC set a $114.00 target price on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, August 22nd. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $140.00 to $145.00 in a research note on Thursday, August 3rd. BidaskClub upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a report on Monday, June 19th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. Vulcan Materials presently has an average rating of “Hold” and an average target price of $136.00.

About Vulcan Materials

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).

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

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