US Bancorp DE Boosts Holdings in Vulcan Materials (NYSE:VMC)

US Bancorp DE increased its holdings in Vulcan Materials (NYSE:VMC) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,339 shares of the construction company’s stock after buying an additional 792 shares during the quarter. US Bancorp DE’s holdings in Vulcan Materials were worth $2,656,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Patten & Patten Inc. TN boosted its holdings 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 buying an additional 75 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Vulcan Materials by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,757 shares of the construction company’s stock worth $1,889,000 after buying an additional 82 shares during the last quarter. Veritable L.P. boosted its holdings in shares of Vulcan Materials by 3.8% in the second quarter. Veritable L.P. now owns 2,261 shares of the construction company’s stock worth $310,000 after buying an additional 82 shares during the last quarter. World Asset Management Inc boosted its holdings in shares of Vulcan Materials by 1.0% in the second quarter. World Asset Management Inc now owns 9,209 shares of the construction company’s stock worth $1,264,000 after buying an additional 90 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Vulcan Materials by 1.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 5,380 shares of the construction company’s stock worth $740,000 after buying an additional 93 shares during the last quarter. 95.21% of the stock is currently owned by institutional investors.

In other news, insider Stanley G. Bass sold 6,207 shares of the business’s stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $135.80, for a total value of $842,910.60. Following the transaction, the insider now owns 53,813 shares of the company’s stock, valued at $7,307,805.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Stanley G. Bass sold 2,406 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $141.94, for a total transaction of $341,507.64. Following the completion of the transaction, the insider now directly owns 35,263 shares in the company, valued at approximately $5,005,230.22. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by insiders.

NYSE:VMC traded down $0.50 during trading hours on Friday, hitting $149.80. 846,227 shares of the stock traded hands, compared to its average volume of 860,363. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.59. Vulcan Materials has a 1 year low of $82.52 and a 1 year high of $151.51. The company has a market cap of $19.66 billion, a price-to-earnings ratio of 36.99, a price-to-earnings-growth ratio of 1.75 and a beta of 0.93. The stock has a 50 day moving average price of $141.95 and a 200 day moving average price of $130.74.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, July 25th. The construction company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.45 by $0.03. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm earned $1.23 earnings per share. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts forecast that Vulcan Materials will post 4.84 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Wednesday, August 21st were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend was Tuesday, August 20th. Vulcan Materials’s dividend payout ratio (DPR) is presently 30.62%.

VMC has been the topic of a number of research reports. Argus set a $152.00 price objective on shares of Vulcan Materials and gave the stock a “buy” rating in a report on Friday, July 26th. SunTrust Banks lifted their price target on shares of Vulcan Materials to $145.00 and gave the company a “buy” rating in a report on Monday, July 29th. Stifel Nicolaus lifted their price target on shares of Vulcan Materials from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday. Longbow Research lifted their price target on shares of Vulcan Materials from $145.00 to $153.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, ValuEngine downgraded shares of Vulcan Materials from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Vulcan Materials presently has a consensus rating of “Buy” and an average price target of $143.00.

Vulcan Materials 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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