Eads & Heald Wealth Management Sells 244 Shares of Vulcan Materials Company $VMC

Eads & Heald Wealth Management lowered its position in shares of Vulcan Materials Company (NYSE:VMC) by 4.0% in the second quarter, HoldingsChannel reports. The firm owned 5,916 shares of the construction company’s stock after selling 244 shares during the period. Eads & Heald Wealth Management’s holdings in Vulcan Materials were worth $1,543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Vulcan Materials by 7.4% during the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock worth $1,518,291,000 after buying an additional 445,691 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Vulcan Materials by 11,723.8% during the first quarter. Jones Financial Companies Lllp now owns 425,538 shares of the construction company’s stock worth $99,278,000 after purchasing an additional 421,939 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Vulcan Materials by 5.6% in the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock valued at $1,625,583,000 after buying an additional 370,434 shares in the last quarter. Nuveen LLC bought a new position in shares of Vulcan Materials in the first quarter valued at about $82,659,000. Finally, Vanguard Group Inc. lifted its position in Vulcan Materials by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock worth $3,896,031,000 after buying an additional 347,155 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares in the company, valued at $845,521.92. This trade represents a 19.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

VMC has been the topic of several research reports. Barclays upped their price objective on Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Royal Bank Of Canada decreased their price objective on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research note on Friday, August 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a report on Saturday, September 27th. Citigroup reissued a “buy” rating and set a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Finally, Morgan Stanley reduced their price objective on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of “Buy” and a consensus target price of $308.36.

Vulcan Materials Stock Performance

Shares of VMC opened at $305.13 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The firm has a 50-day moving average of $291.36 and a 200-day moving average of $269.07. The company has a market cap of $40.31 billion, a PE ratio of 42.62, a price-to-earnings-growth ratio of 2.49 and a beta of 0.92. Vulcan Materials Company has a one year low of $215.08 and a one year high of $309.17.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period last year, the firm earned $2.35 earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, August 14th. Vulcan Materials’s dividend payout ratio (DPR) is presently 27.37%.

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.