Vulcan Materials Company $VMC Shares Purchased by Gilbert & Cook Inc.

Gilbert & Cook Inc. increased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 9.8% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 4,596 shares of the construction company’s stock after purchasing an additional 412 shares during the quarter. Gilbert & Cook Inc.’s holdings in Vulcan Materials were worth $1,199,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ORG Partners LLC lifted its holdings in shares of Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after acquiring an additional 44 shares during the period. Concord Wealth Partners acquired a new position in Vulcan Materials during the second quarter worth approximately $33,000. Manchester Capital Management LLC raised its stake in Vulcan Materials by 26.9% during the first 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. Wayfinding Financial LLC acquired a new position in shares of Vulcan Materials in the 1st quarter valued at $45,000. Finally, Steph & Co. acquired a new position in shares of Vulcan Materials in the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $290.09 on Friday. The company has a market cap of $38.33 billion, a P/E ratio of 40.52, a PEG ratio of 2.39 and a beta of 0.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The business’s 50-day simple moving average is $296.59 and its 200 day simple moving average is $277.63.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter in the prior year, the business earned $2.22 EPS. Vulcan Materials’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, sell-side analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be paid a $0.49 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is 23.28%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James Financial upped their price objective on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Royal Bank Of Canada decreased their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a report on Friday. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a report on Thursday. Finally, Citigroup reiterated a “buy” rating and set a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $312.91.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the sale, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. The trade was a 19.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.62% of the company’s stock.

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.