Vise Technologies Inc. Takes Position in Vulcan Materials Company $VMC

Vise Technologies Inc. acquired a new stake in Vulcan Materials Company (NYSE:VMC) during the second quarter, Holdings Channel reports. The fund acquired 1,926 shares of the construction company’s stock, valued at approximately $502,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in Vulcan Materials by 11,723.8% in the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock valued at $99,278,000 after purchasing an additional 421,939 shares during the period. JPMorgan Chase & Co. increased its position in shares of Vulcan Materials by 5.6% during the 1st quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after purchasing an additional 370,434 shares during the last quarter. Nuveen LLC purchased a new stake in Vulcan Materials in the 1st quarter valued at about $82,659,000. Vanguard Group Inc. lifted its position in Vulcan Materials by 2.1% in the first quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after buying an additional 347,155 shares during the last quarter. Finally, National Bank of Canada FI lifted its position in Vulcan Materials by 310.6% in the first quarter. National Bank of Canada FI now owns 299,954 shares of the construction company’s stock valued at $69,979,000 after buying an additional 226,908 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Down 1.3%

NYSE:VMC opened at $280.38 on Friday. The stock has a fifty day moving average price of $296.02 and a 200 day moving average price of $280.56. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74. The firm has a market cap of $37.05 billion, a PE ratio of 39.16, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95.

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

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors 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 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 23.28%.

Insider Activity at Vulcan Materials

In other news, President Thompson S. Baker II sold 5,818 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $292.26, for a total transaction of $1,700,368.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David P. Clement sold 698 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was 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. This represents a 19.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 11,369 shares of company stock valued at $3,343,456 in the last quarter. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Barclays increased their price objective on shares of Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Citigroup lowered their price target on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research report on Monday, November 3rd. Morgan Stanley lowered their target price on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a report on Monday, July 28th. DA Davidson lifted their target price on Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada reduced their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $317.58.

About Vulcan Materials

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.