Veritable L.P. lowered its position in shares of Vulcan Materials Company (NYSE:VMC) by 6.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,054 shares of the construction company’s stock after selling 206 shares during the quarter. Veritable L.P.’s holdings in Vulcan Materials were worth $387,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. NN Investment Partners Holdings N.V. grew its holdings in Vulcan Materials by 25.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after acquiring an additional 200 shares during the period. Korea Investment CORP raised its position in Vulcan Materials by 140.5% in the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after acquiring an additional 718 shares in the last quarter. Schroder Investment Management Group bought a new stake in Vulcan Materials in the second quarter worth about $187,000. Wetherby Asset Management Inc. bought a new stake in Vulcan Materials in the second quarter worth about $203,000. Finally, NEXT Financial Group Inc raised its position in Vulcan Materials by 6.9% in the second quarter. NEXT Financial Group Inc now owns 1,600 shares of the construction company’s stock worth $203,000 after acquiring an additional 103 shares in the last quarter. 87.13% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Company (NYSE: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 stock has a market cap 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 released its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.32). Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $0.90 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts anticipate that Vulcan Materials Company will post $3.39 earnings per share for the current year.

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

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

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In other news, insider Michael R. Mills sold 981 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $117.55, for a total value of $115,316.55. Following the completion of the sale, the insider now directly owns 23,871 shares of the company’s stock, valued at approximately $2,806,036.05. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David B. Pasley sold 1,250 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $121.51, for a total value 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 $347,154.07. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by company insiders.

Vulcan Materials 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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