GW Henssler & Associates Ltd. maintained its position in Vulcan Materials Co. (NYSE:VMC) during the second quarter, Holdings Channel reports. The institutional investor owned 3,050 shares of the company’s stock at the end of the second quarter. GW Henssler & Associates Ltd.’s holdings in Vulcan Materials were worth $367,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMC. Financial Architects Inc increased its position in Vulcan Materials by 1,268.9% in the second quarter. Financial Architects Inc now owns 1,013 shares of the company’s stock valued at $122,000 after buying an additional 939 shares during the last quarter. Stone Ridge Asset Management LLC purchased a new position in Vulcan Materials during the first quarter valued at approximately $211,000. Oakworth Capital Inc. increased its position in Vulcan Materials by 2.8% in the second quarter. Oakworth Capital Inc. now owns 1,862 shares of the company’s stock valued at $217,000 after buying an additional 50 shares during the last quarter. Eqis Capital Management Inc. purchased a new position in Vulcan Materials during the second quarter valued at approximately $225,000. Finally, Emerald Mutual Fund Advisers Trust increased its position in Vulcan Materials by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 2,335 shares of the company’s stock valued at $281,000 after buying an additional 56 shares during the last quarter. Institutional investors own 86.65% of the company’s stock.
Vulcan Materials Co. (NYSE:VMC) traded up 2.57% during mid-day trading on Monday, hitting $112.59. The stock had a trading volume of 1,841,307 shares. Vulcan Materials Co. has a 52-week low of $78.83 and a 52-week high of $127.20. The stock has a market cap of $14.98 billion, a P/E ratio of 42.96 and a beta of 1.19. The firm has a 50-day moving average of $111.26 and a 200-day moving average of $114.88.
Vulcan Materials (NYSE:VMC) last announced its earnings results on Monday, August 1st. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by $0.10. The firm earned $956.80 million during the quarter, compared to analysts’ expectations of $1.01 billion. Vulcan Materials had a net margin of 9.85% and a return on equity of 8.74%. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.35 EPS. On average, analysts forecast that Vulcan Materials Co. will post $3.23 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Wednesday, November 23rd will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Monday, November 21st. Vulcan Materials’s payout ratio is 30.65%.
Several research analysts have commented on VMC shares. Argus restated a “buy” rating and set a $129.00 price objective on shares of Vulcan Materials in a report on Wednesday, August 3rd. Zacks Investment Research upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $129.00 price objective on the stock in a report on Wednesday, June 29th. DA Davidson restated a “hold” rating and set a $120.00 price objective on shares of Vulcan Materials in a report on Sunday, October 9th. Jefferies Group reaffirmed a “hold” rating on shares of Vulcan Materials in a research report on Wednesday, August 31st. Finally, Royal Bank Of Canada increased their target price on Vulcan Materials from $127.00 to $140.00 and gave the company an “outperform” rating in a research report on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $130.89.
In other Vulcan Materials news, insider David B. Pasley sold 280 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $117.55, for a total value of $32,914.00. Following the sale, the insider now owns 2,470 shares of the company’s stock, valued at $290,348.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider David J. Grayson sold 2,025 shares of the business’s stock in a transaction that occurred on Friday, August 5th. The shares were sold at an average price of $118.77, for a total value of $240,509.25. Following the completion of the sale, the insider now directly owns 18,637 shares in the company, valued at approximately $2,213,516.49. The disclosure for this sale can be found here. 0.92% of the stock is owned by company insiders.
Vulcan Materials Company Profile
Vulcan Materials Company is a producer of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company has four segments organized around its principal product lines: Aggregates, Asphalt Mix, Concrete and Calcium. The Company operates approximately 344 aggregates facilities.
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