United Capital Financial Advisors LLC Purchases Shares of 2,776 Vulcan Materials Company $VMC

United Capital Financial Advisors LLC acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,776 shares of the construction company’s stock, valued at approximately $819,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. BlackRock Inc. bought a new position in Vulcan Materials during the 2nd quarter worth approximately $2,868,444,000. Bank of America Corp DE bought a new stake in Vulcan Materials in the second quarter valued at approximately $688,580,000. The Manufacturers Life Insurance Company bought a new stake in Vulcan Materials in the second quarter valued at approximately $451,119,000. Norges Bank purchased a new stake in shares of Vulcan Materials during the fourth quarter valued at approximately $383,613,000. Finally, Stockbridge Partners LLC purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $314,470,000. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In other 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 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. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Price Performance

VMC stock opened at $275.11 on Monday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a market cap of $35.65 billion, a P/E ratio of 32.48, a PEG ratio of 1.98 and a beta of 1.06. The firm has a 50-day moving average of $286.74 and a 200 day moving average of $285.99. 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 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 business had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.14 billion. During the same period in the previous year, the firm posted $2.42 EPS. The business’s revenue was up 2.5% on a year-over-year basis. On average, sell-side analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared 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 dividend on an annualized basis 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 24.56%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Citigroup cut 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. Oppenheimer assumed coverage on Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating on the stock. Wells Fargo & Company lowered their price target on 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. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Finally, UBS Group cut their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.64.

About Vulcan Materials

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.