Triasima Portfolio Management inc. Buys New Shares in Vulcan Materials (NYSE:VMC)

Triasima Portfolio Management inc. purchased a new stake in Vulcan Materials (NYSE:VMC) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 935 shares of the construction company’s stock, valued at approximately $233,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. SouthState Corp raised its position in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares during the last quarter. Register Financial Advisors LLC bought a new position in Vulcan Materials during the first quarter valued at about $27,000. Kings Path Partners LLC acquired a new position in Vulcan Materials in the 2nd quarter valued at approximately $27,000. UMB Bank n.a. lifted its position in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares during the period. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $33,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded down $0.19 during trading on Friday, reaching $231.97. The stock had a trading volume of 1,161,464 shares, compared to its average volume of 808,556. The stock has a market capitalization of $30.63 billion, a PE ratio of 33.86, a P/E/G ratio of 2.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $278.79. The business’s 50-day moving average price is $249.39 and its 200 day moving average price is $257.04.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). The business had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.29 EPS. As a group, equities analysts predict that Vulcan Materials will post 7.82 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend was Thursday, August 15th. Vulcan Materials’s dividend payout ratio is currently 26.86%.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the transaction, the senior vice president now directly owns 1,660 shares in the company, valued at $414,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on VMC shares. Royal Bank of Canada cut their target price on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Loop Capital decreased their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Stephens lowered their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial cut their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $274.73.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.