MGO One Seven LLC Sells 357 Shares of Vulcan Materials Company $VMC

MGO One Seven LLC lessened its position in Vulcan Materials Company (NYSE:VMC) by 13.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,285 shares of the construction company’s stock after selling 357 shares during the period. MGO One Seven LLC’s holdings in Vulcan Materials were worth $596,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VMC. Unified Investment Management boosted its holdings in shares of Vulcan Materials by 1.7% during the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock worth $589,000 after buying an additional 38 shares during the period. Manchester Capital Management LLC grew its stake in Vulcan Materials by 26.9% in the 1st 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. Chemistry Wealth Management LLC grew its stake in Vulcan Materials by 3.0% in the 2nd quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock valued at $350,000 after buying an additional 39 shares during the last quarter. ORG Partners LLC grew its stake in Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares during the last quarter. Finally, DRW Securities LLC grew its stake in Vulcan Materials by 2.6% in the 1st quarter. DRW Securities LLC now owns 1,748 shares of the construction company’s stock valued at $408,000 after buying an additional 45 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VMC. Citigroup reiterated a “buy” rating and issued a $321.00 price target (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Wells Fargo & Company upgraded shares of Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Royal Bank Of Canada cut their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a report on Friday, August 1st. Finally, 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 report on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $308.58.

Vulcan Materials Stock Performance

NYSE VMC opened at $295.37 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $39.02 billion, a P/E ratio of 41.25, a P/E/G ratio of 2.42 and a beta of 0.92. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74. The firm has a 50-day moving average price of $296.12 and a two-hundred day moving average price of $273.13.

Vulcan Materials (NYSE:VMC) last issued 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 firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. Vulcan Materials’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.35 earnings per share. Analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a $0.49 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is presently 27.37%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the business’s stock in a transaction that occurred 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. The trade was a 19.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company’s stock.

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.