Corient Private Wealth LLC Has $6.66 Million Stock Holdings in Vulcan Materials Company $VMC

Corient Private Wealth LLC boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 29.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 23,362 shares of the construction company’s stock after purchasing an additional 5,301 shares during the quarter. Corient Private Wealth LLC’s holdings in Vulcan Materials were worth $6,664,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Vulcan Materials by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company’s stock worth $1,016,168,000 after buying an additional 32,012 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Vulcan Materials by 0.4% in the third quarter. Bank of America Corp DE now owns 2,318,474 shares of the construction company’s stock worth $713,209,000 after acquiring an additional 9,030 shares during the last quarter. Morgan Stanley grew its stake in shares of Vulcan Materials by 7.9% in the fourth quarter. Morgan Stanley now owns 1,727,232 shares of the construction company’s stock worth $492,642,000 after acquiring an additional 126,523 shares during the last quarter. Lone Pine Capital LLC bought a new position in Vulcan Materials during the third quarter worth $425,938,000. Finally, Norges Bank bought a new position in Vulcan Materials during the fourth quarter worth $383,613,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 1.9%

Shares of VMC opened at $313.19 on Friday. The stock has a market cap of $40.64 billion, a price-to-earnings ratio of 37.24, a P/E/G ratio of 2.22 and a beta of 1.05. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a 50-day moving average price of $285.14 and a two-hundred day moving average price of $290.59.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.00 earnings per share. Equities analysts predict that Vulcan Materials Company will post 9.28 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.65% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on VMC. Morgan Stanley reduced their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a report on Monday, April 6th. Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a research note on Thursday, April 30th. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Finally, Barclays boosted their price target on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $326.92.

Vulcan Materials Company 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.