Vulcan Materials Company $VMC Shares Purchased by Tompkins Financial Corp

Tompkins Financial Corp increased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 20.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 300 shares of the construction company’s stock after purchasing an additional 50 shares during the period. Tompkins Financial Corp’s holdings in Vulcan Materials were worth $78,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Manchester Capital Management LLC boosted its stake in Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after purchasing an additional 39 shares during the period. Chemistry Wealth Management LLC raised its position in Vulcan Materials by 3.0% during the 2nd quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock worth $350,000 after buying an additional 39 shares during the last quarter. DRW Securities LLC raised its position in Vulcan Materials by 2.6% during the 1st quarter. DRW Securities LLC now owns 1,748 shares of the construction company’s stock worth $408,000 after buying an additional 45 shares during the last quarter. Alpha Omega Wealth Management LLC raised its position in Vulcan Materials by 1.1% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company’s stock worth $1,012,000 after buying an additional 46 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in Vulcan Materials by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock worth $249,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC opened at $298.87 on Friday. The company has a 50-day simple moving average of $284.07 and a 200-day simple moving average of $263.37. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $39.49 billion, a PE ratio of 41.74, a P/E/G ratio of 2.39 and a beta of 0.86. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $302.21.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The business had revenue of $2.10 billion for the quarter, compared to analysts’ expectations of $2.23 billion. During the same quarter last year, the business posted $2.35 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials’s dividend payout ratio (DPR) is 27.37%.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the transaction, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Royal Bank Of Canada cut their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Citigroup restated a “buy” rating and set a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Morgan Stanley cut their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Barclays increased their price target on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a report on Tuesday, August 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $308.36.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.