2,868 Shares in Vulcan Materials Company $VMC Acquired by Evolve Private Wealth LLC

Evolve Private Wealth LLC bought a new position in Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,868 shares of the construction company’s stock, valued at approximately $846,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at $497,000. NewEdge Advisors LLC grew its holdings in Vulcan Materials by 3.9% during the first quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after acquiring an additional 163 shares during the period. Empowered Funds LLC grew its holdings in Vulcan Materials by 6.3% during the first quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after acquiring an additional 190 shares during the period. Focus Partners Wealth raised its position in Vulcan Materials by 28.5% in the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after acquiring an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in Vulcan Materials by 31.5% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after acquiring an additional 80 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Down 0.2%

NYSE VMC opened at $275.48 on Monday. The firm’s 50 day moving average price is $289.19 and its two-hundred day moving average price is $287.48. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09. The stock has a market cap of $35.70 billion, a price-to-earnings ratio of 32.52, a PEG ratio of 1.99 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The business had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. During the same period in the prior year, the firm earned $2.42 earnings per share. The firm’s revenue was up 2.5% compared to the same quarter last year. Equities analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of Vulcan Materials stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares in the company, valued at $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Royal Bank Of Canada increased their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research note on Thursday, July 30th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Finally, UBS Group decreased their price target on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $327.93.

Vulcan Materials 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.