125 Shares in Vulcan Materials Company $VMC Bought by Concord Wealth Partners

Concord Wealth Partners acquired a new position in shares of Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 125 shares of the construction company’s stock, valued at approximately $33,000.

Other hedge funds have also recently made changes to their positions in the company. ORG Partners LLC lifted its stake in shares of Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after purchasing an additional 44 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in Vulcan Materials in the first quarter valued at about $27,000. Manchester Capital Management LLC raised its stake in Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in Vulcan Materials in the first quarter valued at about $45,000. Finally, Steph & Co. purchased a new stake in Vulcan Materials in the second quarter valued at about $55,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Up 2.1%

Vulcan Materials stock opened at $309.08 on Wednesday. The firm has a market cap of $40.84 billion, a price-to-earnings ratio of 43.17, a price-to-earnings-growth ratio of 2.47 and a beta of 0.92. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $310.69. The business’s 50-day moving average price is $295.23 and its 200 day moving average price is $272.08. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

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

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s dividend payout ratio (DPR) is presently 27.37%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. increased their price target on Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Royal Bank Of Canada reduced 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. Citigroup restated a “buy” rating and issued a $321.00 price objective (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 note on Monday, July 28th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $308.58.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the sale, the senior vice president directly owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

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.