Vulcan Materials Company $VMC Shares Sold by Flaharty Asset Management LLC

Flaharty Asset Management LLC lowered its stake in Vulcan Materials Company (NYSE:VMC) by 71.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,292 shares of the construction company’s stock after selling 3,280 shares during the period. Flaharty Asset Management LLC’s holdings in Vulcan Materials were worth $392,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Burkett Financial Services LLC acquired a new position in shares of Vulcan Materials in the 2nd quarter valued at $25,000. NBT Bank N A NY purchased a new position in Vulcan Materials in the 4th quarter worth $26,000. Meeder Asset Management Inc. lifted its position in Vulcan Materials by 71.7% during the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after acquiring an additional 43 shares during the period. Birchwood Financial Partners Inc. acquired a new stake in Vulcan Materials during the 4th quarter worth about $29,000. Finally, Godsey & Gibb Inc. purchased a new stake in Vulcan Materials during the 4th quarter valued at about $30,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

NYSE:VMC opened at $284.59 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The stock’s 50-day moving average price is $289.57 and its 200-day moving average price is $289.13. The stock has a market capitalization of $36.88 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping analysts’ consensus estimates of $2.46 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.Vulcan Materials’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.42 EPS. As a group, equities analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be given a $0.52 dividend. The ex-dividend date is Thursday, August 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 24.56%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VMC. Citigroup cut their price objective on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. UBS Group decreased their target price on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Stephens upped their target price on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Finally, Oppenheimer began coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $327.93.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.