Vulcan Materials Company $VMC Stake Lifted by NEOS Investment Management LLC

NEOS Investment Management LLC boosted its stake in Vulcan Materials Company (NYSE:VMC) by 13.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,481 shares of the construction company’s stock after buying an additional 2,574 shares during the period. NEOS Investment Management LLC’s holdings in Vulcan Materials were worth $6,337,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VMC. Burkett Financial Services LLC bought a new position in shares of Vulcan Materials during the second quarter worth about $25,000. Meeder Asset Management Inc. lifted its position in 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 purchasing an additional 43 shares during the last quarter. Birchwood Financial Partners Inc. acquired a new position in Vulcan Materials during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in Vulcan Materials during the 3rd quarter valued at about $30,000. Finally, Reflection Asset Management acquired a new position in Vulcan Materials during the 4th quarter valued at about $37,000. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on VMC. Oppenheimer started coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Wells Fargo & Company reduced their price objective on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 8th. UBS Group decreased their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 8th. Royal Bank Of Canada raised their target price on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $328.64.

Vulcan Materials Stock Up 1.0%

Vulcan Materials stock opened at $262.93 on Friday. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The stock has a market cap of $34.07 billion, a price-to-earnings ratio of 31.04, a PEG ratio of 2.36 and a beta of 1.05. The company’s 50-day moving average price is $282.33 and its two-hundred day moving average price is $284.11. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC) last issued 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 analyst estimates of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.42 EPS. On average, analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, August 13th. Vulcan Materials’s dividend payout ratio is 24.56%.

Insider Buying and Selling

In other Vulcan Materials news, SVP David Clement sold 2,000 shares of the stock in a transaction on Friday, August 7th. The stock was 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J. Hill sold 14,000 shares of the business’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares in the company, valued at $16,075,579.53. This represents a 19.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,212 shares of company stock valued at $5,083,125 over the last 90 days. 0.65% of the stock is currently owned by insiders.

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.