Vulcan Materials (NYSE:VMC) Stock Position Lessened by Tlwm

Tlwm decreased its holdings in Vulcan Materials (NYSE:VMC) by 3.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 4,054 shares of the construction company’s stock after selling 148 shares during the quarter. Tlwm’s holdings in Vulcan Materials were worth $553,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Patten & Patten Inc. TN grew its stake in shares of Vulcan Materials by 0.9% in the second quarter. Patten & Patten Inc. TN now owns 8,579 shares of the construction company’s stock worth $1,178,000 after purchasing an additional 75 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in Vulcan Materials by 1.4% during the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the construction company’s stock valued at $829,000 after buying an additional 100 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Vulcan Materials by 1.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 5,776 shares of the construction company’s stock valued at $571,000 after buying an additional 101 shares in the last quarter. Round Table Services LLC boosted its stake in Vulcan Materials by 3.8% during the first quarter. Round Table Services LLC now owns 2,811 shares of the construction company’s stock valued at $333,000 after buying an additional 102 shares in the last quarter. Finally, Crossmark Global Holdings Inc. boosted its stake in Vulcan Materials by 1.2% during the second quarter. Crossmark Global Holdings Inc. now owns 8,714 shares of the construction company’s stock valued at $1,197,000 after buying an additional 107 shares in the last quarter. 95.85% of the stock is owned by institutional investors.

Shares of NYSE:VMC traded up $0.91 during midday trading on Wednesday, reaching $141.23. The company had a trading volume of 22,255 shares, compared to its average volume of 972,961. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.23 and a current ratio of 1.89. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $140.72. The company has a market capitalization of $18.07 billion, a price-to-earnings ratio of 34.79, a price-to-earnings-growth ratio of 1.61 and a beta of 0.93. The company has a fifty day simple moving average of $135.72.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, July 25th. The construction company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.03. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the company posted $1.23 EPS. Vulcan Materials’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side analysts forecast that Vulcan Materials will post 4.84 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Wednesday, August 21st will be given a $0.31 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.88%. Vulcan Materials’s dividend payout ratio (DPR) is 30.62%.

In related news, VP Randy L. Pigg sold 1,754 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $134.96, for a total value of $236,719.84. Following the completion of the transaction, the vice president now owns 3,034 shares in the company, valued at approximately $409,468.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael R. Mills sold 1,326 shares of the stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $136.05, for a total value of $180,402.30. Following the completion of the transaction, the insider now owns 51,713 shares of the company’s stock, valued at approximately $7,035,553.65. The disclosure for this sale can be found here. Company insiders own 0.79% of the company’s stock.

VMC has been the subject of several research reports. Royal Bank of Canada set a $179.00 target price on 3M and gave the company a “hold” rating in a research note on Friday, July 26th. Barclays set a $330.00 target price on Thermo Fisher Scientific and gave the company a “buy” rating in a research note on Monday, July 15th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 3,620 ($47.30) target price on shares of Bellway in a research note on Wednesday, April 3rd. DA Davidson decreased their target price on Cloudera to $9.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Finally, ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $135.44.

Vulcan Materials Company Profile

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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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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