Mirabella Financial Services LLP Takes $5.27 Million Position in Vulcan Materials Company $VMC

Mirabella Financial Services LLP purchased a new position in shares of Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, HoldingsChannel reports. The firm purchased 20,199 shares of the construction company’s stock, valued at approximately $5,268,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ORG Partners LLC increased its position in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after buying an additional 44 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Vulcan Materials during the 2nd quarter valued at about $32,000. Concord Wealth Partners bought a new position in shares of Vulcan Materials in the 2nd quarter valued at approximately $33,000. Steph & Co. acquired a new stake in Vulcan Materials in the 2nd quarter worth approximately $55,000. Finally, Clearstead Trust LLC boosted its position in Vulcan Materials by 71.7% during the second quarter. Clearstead Trust LLC now owns 218 shares of the construction company’s stock worth $57,000 after purchasing an additional 91 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In related news, President Thompson S. Baker II sold 5,818 shares of Vulcan Materials stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total transaction of $1,700,368.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of the transaction, the senior vice president owned 832 shares in the company, valued at approximately $240,073.60. This trade represents a 70.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,369 shares of company stock valued at $3,920,556 over the last three months. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

VMC has been the topic of a number of recent analyst reports. Royal Bank Of Canada dropped their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. DA Davidson boosted their target price on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Barclays raised their price target on Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Citigroup lowered their target price on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a report on Monday, November 3rd. Finally, JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $317.58.

Vulcan Materials Stock Up 0.4%

Shares of VMC stock opened at $293.81 on Friday. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.23 and a quick ratio of 1.56. The stock has a fifty day moving average price of $294.30 and a 200 day moving average price of $282.79. The stock has a market cap of $38.82 billion, a P/E ratio of 34.89, a price-to-earnings-growth ratio of 2.39 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.12. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Vulcan Materials had a net margin of 14.19% and a return on equity of 13.47%. The firm’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.22 EPS. Analysts predict 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 was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were given a dividend of $0.49 per share. The ex-dividend date was Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is 23.28%.

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.