Perigon Wealth Management LLC Takes Position in Vulcan Materials Company $VMC

Perigon Wealth Management LLC purchased a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,911 shares of the construction company’s stock, valued at approximately $564,000.

Other institutional investors also recently bought and sold shares of the company. Burkett Financial Services LLC bought a new position in Vulcan Materials during the second quarter valued at $25,000. Meeder Asset Management Inc. lifted its holdings in shares of Vulcan Materials by 71.7% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after acquiring an additional 43 shares during the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vulcan Materials during the 3rd quarter worth about $30,000. Finally, WPG Advisers LLC boosted its stake in shares of Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after purchasing an additional 44 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on VMC shares. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Royal Bank Of Canada increased their price target on Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Finally, Citigroup decreased their price target on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $327.93.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $276.49 on Thursday. The firm has a market cap of $35.83 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 1.96 and a beta of 1.06. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $289.60 and its 200 day moving average is $287.91.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.Vulcan Materials’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.42 earnings per share. On average, sell-side analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s payout ratio is presently 24.56%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the sale, the senior vice president directly owned 6,716 shares in the company, valued at $1,914,731.60. This represents a 22.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 0.65% of the stock is owned by company insiders.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.