UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Trims Stock Holdings in Vulcan Materials Company $VMC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its stake in Vulcan Materials Company (NYSE:VMC) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 951,656 shares of the construction company’s stock after selling 3,645 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.73% of Vulcan Materials worth $280,748,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VMC. Burkett Financial Services LLC acquired a new position in shares of Vulcan Materials in the 2nd quarter worth approximately $25,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials in the 3rd quarter valued at approximately $30,000. Birchwood Financial Partners Inc. purchased a new stake in Vulcan Materials in the fourth quarter valued at approximately $29,000. Meeder Asset Management Inc. raised its position in Vulcan Materials by 71.7% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after purchasing an additional 43 shares during the period. Finally, Clearstead Trust LLC acquired a new position in Vulcan Materials during the second quarter worth $37,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 1.8%

VMC opened at $269.62 on Tuesday. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The stock has a market capitalization of $34.94 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 1.98 and a beta of 1.06. 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 business has a fifty day moving average price of $286.03 and a 200 day moving average price of $285.56.

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

Vulcan Materials Announces Dividend

The company also recently announced 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 of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is 24.56%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on VMC shares. Oppenheimer started coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Citigroup lowered their target price on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating for the company in a report on Thursday, July 30th. UBS Group dropped their target price on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, DA Davidson began coverage on shares of Vulcan Materials in a research report on Tuesday, August 25th. They set a “buy” rating and a $330.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $328.64.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. The trade was a 22.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J Thomas Hill sold 14,000 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares in the company, valued at approximately $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 18,212 shares of company stock worth $5,083,125. 0.65% of the stock is owned by corporate insiders.

Vulcan Materials 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.