Silvant Capital Management LLC Acquires New Holdings in Vulcan Materials Company $VMC

Silvant Capital Management LLC bought a new position in Vulcan Materials Company (NYSE:VMC) in the second quarter, Holdings Channel.com reports. The institutional investor bought 119,115 shares of the construction company’s stock, valued at approximately $35,140,000. Vulcan Materials accounts for approximately 1.0% of Silvant Capital Management LLC’s portfolio, making the stock its 22nd largest holding.

Other institutional investors have also modified their holdings of the company. Burkett Financial Services LLC purchased a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $25,000. Measured Wealth Private Client Group LLC purchased a new position in Vulcan Materials in the 3rd quarter valued at $30,000. Birchwood Financial Partners Inc. acquired a new stake in Vulcan Materials during the 4th quarter worth $29,000. Meeder Asset Management Inc. boosted its stake 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 purchasing an additional 43 shares during the last quarter. Finally, WPG Advisers LLC grew its holdings in shares of Vulcan Materials by 56.4% during the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 2.1%

NYSE VMC opened at $270.63 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The stock has a market capitalization of $35.07 billion, a P/E ratio of 31.95, a PEG ratio of 1.99 and a beta of 1.06. The firm’s 50-day moving average is $289.41 and its two-hundred day moving average is $287.69. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the firm earned $2.42 EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. On average, sell-side analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be issued 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 0.8%. Vulcan Materials’s payout ratio is 24.56%.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.65% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of recent research reports. Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Barclays upped their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Stephens increased their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Citigroup decreased their target price on shares of Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.93.

About Vulcan Materials

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.