Deutsche Bank AG Makes New Investment in Vulcan Materials Company $VMC

Deutsche Bank AG acquired a new stake in Vulcan Materials Company (NYSE:VMC) in the second quarter, Holdings Channel reports. The institutional investor acquired 707,341 shares of the construction company’s stock, valued at approximately $208,673,000.

Other large investors also recently added to or reduced their stakes in the company. Burkett Financial Services LLC bought a new position in shares of Vulcan Materials during the second quarter valued at about $25,000. Meeder Asset Management Inc. lifted its stake in shares of Vulcan Materials by 71.7% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after acquiring an additional 43 shares during the last quarter. Birchwood Financial Partners Inc. purchased a new stake in Vulcan Materials during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new position in Vulcan Materials during the 3rd quarter worth approximately $30,000. Finally, WPG Advisers LLC grew its position in Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the sale, the senior vice president directly owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This trade represents a 22.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Wells Fargo & Company decreased their price target on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 8th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Oppenheimer initiated coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating on the stock. Barclays lifted their target price on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Finally, Citigroup dropped their price target on shares of Vulcan Materials from $355.00 to $350.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Eight equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $327.93.

Vulcan Materials Price Performance

Shares of VMC stock opened at $272.14 on Wednesday. The firm has a market cap of $35.26 billion, a P/E ratio of 32.13, a P/E/G ratio of 2.03 and a beta of 1.06. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The business’s 50 day moving average price is $289.55 and its 200-day moving average price is $288.07. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.13. The firm had revenue of $2.16 billion for 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%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.42 earnings per share. On average, equities research analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders 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 annualized dividend and a yield of 0.8%. Vulcan Materials’s dividend payout ratio is 24.56%.

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.