Vulcan Materials Company $VMC Stock Holdings Increased by Harbour Trust & Investment Management Co

Harbour Trust & Investment Management Co grew its stake in shares of Vulcan Materials Company (NYSE:VMC) by 27.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,493 shares of the construction company’s stock after purchasing an additional 2,725 shares during the quarter. Harbour Trust & Investment Management Co’s holdings in Vulcan Materials were worth $3,258,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Vulcan Materials by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock valued at $3,896,031,000 after acquiring an additional 347,155 shares during the last quarter. JPMorgan Chase & Co. increased its position in Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after buying an additional 370,434 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Vulcan Materials by 7.4% in the first quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company’s stock valued at $1,518,291,000 after purchasing an additional 445,691 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of Vulcan Materials by 7.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 1,872,652 shares of the construction company’s stock valued at $495,635,000 after purchasing an additional 130,949 shares during the last quarter. Finally, Alkeon Capital Management LLC lifted its stake in shares of Vulcan Materials by 4.4% in the first quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company’s stock valued at $312,236,000 after buying an additional 56,345 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Up 0.6%

VMC opened at $303.22 on Tuesday. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $309.17. The company’s 50-day moving average is $294.71 and its 200 day moving average is $271.82. 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 market capitalization of $40.06 billion, a P/E ratio of 42.35, a PEG ratio of 2.46 and a beta of 0.92.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). The business had revenue of $2.10 billion during the quarter, compared to analysts’ expectations of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.Vulcan Materials’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.35 EPS. Research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, November 10th. Vulcan Materials’s dividend payout ratio is currently 27.37%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on VMC shares. Royal Bank Of Canada cut their target price on shares of 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. Barclays boosted their price objective on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citigroup restated a “buy” rating and set a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Morgan Stanley decreased their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. upped their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an “overweight” rating in a report on Tuesday, August 26th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $308.58.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the transaction, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. This represents a 19.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.61% of the stock is owned by corporate insiders.

About Vulcan Materials

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.