Ossiam purchased a new stake in Vulcan Materials (NYSE:VMC) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,295 shares of the construction company’s stock, valued at approximately $452,000.

Several other institutional investors have also recently modified their holdings of the company. NuWave Investment Management LLC boosted its stake in Vulcan Materials by 809.5% in the second quarter. NuWave Investment Management LLC now owns 191 shares of the construction company’s stock valued at $26,000 after acquiring an additional 170 shares in the last quarter. Coastal Investment Advisors Inc. lifted its holdings in shares of Vulcan Materials by 1,550.0% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 198 shares of the construction company’s stock valued at $27,000 after purchasing an additional 186 shares during the last quarter. FinTrust Capital Advisors LLC lifted its holdings in shares of Vulcan Materials by 136.9% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 244 shares of the construction company’s stock valued at $33,000 after purchasing an additional 141 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of Vulcan Materials by 114.5% in the 1st quarter. Parallel Advisors LLC now owns 474 shares of the construction company’s stock worth $56,000 after purchasing an additional 253 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of Vulcan Materials in the 2nd quarter worth $71,000. 95.21% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts recently issued reports on the company. Barclays reaffirmed a “buy” rating and set a $140.00 target price on shares of Vulcan Materials in a research report on Monday, July 15th. SunTrust Banks increased their price target on Vulcan Materials to $145.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Argus set a $152.00 price target on Vulcan Materials and gave the stock a “buy” rating in a report on Friday, July 26th. Longbow Research boosted their price target on Vulcan Materials from $145.00 to $153.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, ValuEngine downgraded shares of Vulcan Materials from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Vulcan Materials presently has an average rating of “Buy” and an average price target of $137.00.

Vulcan Materials stock traded up $2.43 during trading hours on Wednesday, hitting $144.57. 527,606 shares of the stock traded hands, compared to its average volume of 754,328. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.89 and a quick ratio of 1.23. The firm’s 50 day moving average price is $140.11 and its 200-day moving average price is $129.17. The stock has a market capitalization of $18.79 billion, a price-to-earnings ratio of 35.70, a P/E/G ratio of 1.67 and a beta of 0.93. Vulcan Materials has a 1 year low of $82.52 and a 1 year high of $145.53.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.03. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the business posted $1.23 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Research analysts forecast that Vulcan Materials will post 4.84 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Wednesday, August 21st were issued a $0.31 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.24 annualized dividend and a yield of 0.86%. Vulcan Materials’s dividend payout ratio (DPR) is presently 30.62%.

In other Vulcan Materials news, insider Stanley G. Bass sold 6,207 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $135.80, for a total transaction of $842,910.60. Following the completion of the transaction, the insider now directly owns 53,813 shares of the company’s stock, valued at approximately $7,307,805.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.79% of the stock is currently owned by corporate insiders.

Vulcan Materials Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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

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