Vulcan Materials Company $VMC Stock Holdings Trimmed by Private Trust Co. NA

Private Trust Co. NA lowered its position in shares of Vulcan Materials Company (NYSE:VMC) by 37.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 321 shares of the construction company’s stock after selling 189 shares during the quarter. Private Trust Co. NA’s holdings in Vulcan Materials were worth $84,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of VMC. Values First Advisors Inc. increased its stake in Vulcan Materials by 53.8% during the second quarter. Values First Advisors Inc. now owns 2,235 shares of the construction company’s stock valued at $583,000 after purchasing an additional 782 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in shares of Vulcan Materials by 6.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock valued at $169,000 after buying an additional 38 shares during the period. Mutual Advisors LLC grew its position in shares of Vulcan Materials by 4.6% during the 2nd quarter. Mutual Advisors LLC now owns 2,032 shares of the construction company’s stock valued at $558,000 after buying an additional 90 shares during the last quarter. Twin Tree Management LP raised its position in shares of Vulcan Materials by 119.2% during the 2nd quarter. Twin Tree Management LP now owns 1,303 shares of the construction company’s stock worth $340,000 after purchasing an additional 8,084 shares during the period. Finally, Sagespring Wealth Partners LLC lifted its stake in Vulcan Materials by 51.6% in the second quarter. Sagespring Wealth Partners LLC now owns 1,472 shares of the construction company’s stock valued at $384,000 after buying an additional 501 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays boosted their price objective on Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Monday. Royal Bank Of Canada cut their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a report on Friday, August 1st. JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research note on Wednesday, October 8th. Finally, Raymond James Financial upped their price target on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $313.17.

Vulcan Materials Price Performance

Shares of VMC opened at $293.08 on Thursday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The firm has a market cap of $38.72 billion, a PE ratio of 40.93, a PEG ratio of 2.42 and a beta of 0.92. The firm’s 50 day moving average price is $296.39 and its 200 day moving average price is $274.35. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $311.74.

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 business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.35 earnings per share. As a group, research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is currently 27.37%.

Insider Activity

In other news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the sale, the senior vice president owned 2,832 shares in the company, valued at approximately $845,521.92. This represents a 19.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company 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.