205,954 Shares in Vulcan Materials Company $VMC Purchased by EFG International AG

EFG International AG acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, Holdings Channel reports. The fund acquired 205,954 shares of the construction company’s stock, valued at approximately $60,784,000. Vulcan Materials accounts for about 1.1% of EFG International AG’s investment portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. purchased a new stake in Vulcan Materials during the 2nd quarter valued at $2,868,444,000. The Manufacturers Life Insurance Company purchased a new position in shares of Vulcan Materials in the second quarter worth $451,119,000. Norges Bank purchased a new position in shares of Vulcan Materials in the fourth quarter worth $383,613,000. Stockbridge Partners LLC bought a new position in shares of Vulcan Materials during the second quarter valued at $314,470,000. Finally, Egerton Capital UK LLP purchased a new stake in shares of Vulcan Materials during the fourth quarter valued at $273,861,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a report on Thursday, April 30th. Citigroup dropped their price target on shares of Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. UBS Group lowered their price target on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, Oppenheimer assumed coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Nine equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $328.64.

Insider Buying and Selling at Vulcan Materials

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

Vulcan Materials Trading Down 0.7%

Shares of Vulcan Materials stock opened at $274.05 on Wednesday. The company’s fifty day simple moving average is $288.31 and its 200-day simple moving average is $286.97. The stock has a market capitalization of $35.51 billion, a PE ratio of 32.36, a P/E/G ratio of 1.99 and a beta of 1.06. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year 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.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, topping 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 prior year, the business posted $2.42 EPS. Vulcan Materials’s revenue was up 2.5% on a year-over-year basis. As a group, equities analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

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

Vulcan Materials Company 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.