10,942 Shares in Vulcan Materials Company $VMC Acquired by Partners Capital Investment Group LLP

Partners Capital Investment Group LLP bought a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 10,942 shares of the construction company’s stock, valued at approximately $3,228,000.

A number of other large investors have also recently bought and sold shares of VMC. Burkett Financial Services LLC acquired a new position in shares of Vulcan Materials in the second quarter worth $25,000. Meeder Asset Management Inc. boosted its stake in shares of Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after acquiring an additional 43 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new stake in shares of Vulcan Materials during the fourth quarter valued at $29,000. Measured Wealth Private Client Group LLC purchased a new stake in Vulcan Materials during the 3rd quarter worth about $30,000. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. The trade was a 20.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Trading Down 0.1%

NYSE VMC opened at $275.87 on Tuesday. The company has a market cap of $35.75 billion, a P/E ratio of 32.57, a P/E/G ratio of 1.99 and a beta of 1.06. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The company has a 50-day moving average of $288.85 and a 200-day moving average of $287.23.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period last year, the company earned $2.42 earnings per share. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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 dividend payout ratio (DPR) is 24.56%.

Analyst Ratings Changes

A number of research analysts have issued reports on VMC shares. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada boosted their price objective on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Stephens upped their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wells Fargo & Company decreased their target price on shares of 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, Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a research note on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Vulcan Materials has a consensus 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.