Vulcan Materials Company $VMC Stock Position Increased by MAI Capital Management

MAI Capital Management increased its position in Vulcan Materials Company (NYSE:VMC) by 10.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,275 shares of the construction company’s stock after buying an additional 3,764 shares during the quarter. MAI Capital Management’s holdings in Vulcan Materials were worth $12,082,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Vulcan Materials by 1.8% in the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after acquiring an additional 311,539 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Vulcan Materials by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,924,285 shares of the construction company’s stock worth $2,437,669,000 after purchasing an additional 99,298 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after purchasing an additional 414,828 shares in the last quarter. State Street Corp raised its holdings in shares of Vulcan Materials by 1.7% in the 2nd quarter. State Street Corp now owns 5,558,791 shares of the construction company’s stock worth $1,449,844,000 after purchasing an additional 95,256 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Vulcan Materials by 0.8% during the second quarter. Geode Capital Management LLC now owns 3,491,618 shares of the construction company’s stock valued at $906,961,000 after purchasing an additional 27,531 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. DA Davidson decreased their price target on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Royal Bank Of Canada decreased their target price on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. Stifel Nicolaus set a $327.00 target price on Vulcan Materials in a report on Monday, November 3rd. Wells Fargo & Company decreased their price target on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 18th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $323.64.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 7,135 shares of the stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $300.81, for a total value of $2,146,279.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Denson N. Franklin III sold 665 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total transaction of $196,175.00. Following the transaction, the senior vice president owned 8,284 shares in the company, valued at approximately $2,443,780. This represents a 7.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 8,937 shares of company stock valued at $2,687,784 over the last three months. 0.62% of the stock is owned by corporate insiders.

Vulcan Materials Price Performance

VMC opened at $305.61 on Thursday. The firm has a market capitalization of $39.91 billion, a P/E ratio of 37.64, a PEG ratio of 2.34 and a beta of 1.07. The stock has a fifty day moving average of $303.65 and a 200-day moving average of $297.27. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The firm’s quarterly revenue was up 3.2% on a year-over-year basis. Equities analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. Vulcan Materials’s payout ratio is currently 24.14%.

About Vulcan Materials

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.