Vise Technologies Inc. Invests $860,000 in Vulcan Materials Company $VMC

Vise Technologies Inc. bought a new stake in Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,914 shares of the construction company’s stock, valued at approximately $860,000.

A number of other large investors have also added to or reduced their stakes in the company. Chesapeake Capital Corp IL increased its stake in Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after buying an additional 33 shares during the period. Composition Wealth LLC boosted its position in Vulcan Materials by 3.5% in the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after buying an additional 34 shares during the last quarter. Truist Financial Corp grew its stake in shares of Vulcan Materials by 0.3% during the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after acquiring an additional 38 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in shares of Vulcan Materials by 1.2% during the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after acquiring an additional 38 shares in the last quarter. Finally, 4WEALTH Advisors Inc. increased its position in shares of Vulcan Materials by 3.2% during the first quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock worth $337,000 after acquiring an additional 39 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on VMC shares. Citigroup cut their price target on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. UBS Group lowered their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Wells Fargo & Company cut their target price on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday, July 15th. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $327.93.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $275.48 on Monday. The firm has a market cap of $35.70 billion, a PE ratio of 32.52, a price-to-earnings-growth ratio of 1.99 and a beta of 1.06. The firm’s 50-day simple moving average is $289.19 and its 200-day simple moving average 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 1 year low of $252.35 and a 1 year high of $331.09.

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

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s payout ratio is 24.56%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the sale, the senior vice president directly owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.

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.