Investors sold shares of Vulcan Materials (NYSE:VMC) on strength during trading on Thursday. $25.45 million flowed into the stock on the tick-up and $160.88 million flowed out of the stock on the tick-down, for a money net flow of $135.43 million out of the stock. Of all companies tracked, Vulcan Materials had the 6th highest net out-flow for the day. Vulcan Materials traded up $0.01 for the day and closed at $109.83
A number of analysts recently issued reports on VMC shares. Bank of America lowered their price target on Vulcan Materials from $130.00 to $128.00 and set a “hold” rating for the company in a research report on Wednesday, August 1st. Zacks Investment Research downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 15th. Royal Bank of Canada upgraded Vulcan Materials from a “sector perform” rating to an “outperform” rating and set a $97.00 price target for the company in a research report on Wednesday, August 1st. They noted that the move was a valuation call. ValuEngine downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Thursday, July 26th. Finally, Jefferies Financial Group restated a “hold” rating and issued a $129.00 price target on shares of Vulcan Materials in a research report on Monday, April 23rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. Vulcan Materials has an average rating of “Hold” and an average price target of $132.25.
The stock has a market capitalization of $14.62 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. The company has a quick ratio of 0.96, a current ratio of 1.46 and a debt-to-equity ratio of 0.55.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 7th. Stockholders of record on Wednesday, August 22nd will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, August 21st. This represents a $1.12 annualized dividend and a dividend yield of 1.02%. Vulcan Materials’s dividend payout ratio (DPR) is 36.84%.
In other news, VP John R. Mcpherson sold 21,618 shares of Vulcan Materials stock in a transaction on Monday, June 11th. The stock was sold at an average price of $130.37, for a total transaction of $2,818,338.66. Following the completion of the sale, the vice president now directly owns 102,610 shares in the company, valued at $13,377,265.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stanley G. Bass sold 4,109 shares of Vulcan Materials stock in a transaction on Monday, June 11th. The stock was sold at an average price of $130.00, for a total value of $534,170.00. Following the sale, the insider now owns 31,569 shares of the company’s stock, valued at $4,103,970. The disclosure for this sale can be found here. 0.81% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its stake in shares of Vulcan Materials by 28.1% during the second quarter. Morgan Stanley now owns 6,119,088 shares of the construction company’s stock valued at $789,730,000 after buying an additional 1,341,129 shares during the period. Fred Alger Management Inc. increased its stake in shares of Vulcan Materials by 56.3% during the second quarter. Fred Alger Management Inc. now owns 2,644,635 shares of the construction company’s stock valued at $341,317,000 after buying an additional 952,138 shares during the period. Millennium Management LLC increased its stake in shares of Vulcan Materials by 210.9% during the second quarter. Millennium Management LLC now owns 1,214,210 shares of the construction company’s stock valued at $156,706,000 after buying an additional 823,657 shares during the period. Artisan Partners Limited Partnership purchased a new position in shares of Vulcan Materials during the first quarter valued at $86,495,000. Finally, Principal Financial Group Inc. increased its stake in shares of Vulcan Materials by 35.3% during the first quarter. Principal Financial Group Inc. now owns 2,016,741 shares of the construction company’s stock valued at $230,251,000 after buying an additional 526,595 shares during the period. Institutional investors and hedge funds own 94.44% of the company’s stock.
About Vulcan Materials (NYSE:VMC)
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.
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