Vulcan Materials (NYSE:VMC) Shares Bought by UMB Bank n.a.

UMB Bank n.a. increased its holdings in Vulcan Materials (NYSE:VMC) by 61.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 123 shares of the construction company’s stock after acquiring an additional 47 shares during the quarter. UMB Bank n.a.’s holdings in Vulcan Materials were worth $31,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of VMC. International Assets Investment Management LLC lifted its stake in shares of Vulcan Materials by 17,706.3% in the fourth quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock worth $10,874,000 after acquiring an additional 47,630 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in shares of Vulcan Materials by 4.8% in the fourth quarter. Atria Wealth Solutions Inc. now owns 3,574 shares of the construction company’s stock worth $811,000 after acquiring an additional 163 shares in the last quarter. Truist Financial Corp lifted its stake in shares of Vulcan Materials by 4.4% in the fourth quarter. Truist Financial Corp now owns 11,403 shares of the construction company’s stock worth $2,589,000 after acquiring an additional 479 shares in the last quarter. Gilbert & Cook Inc. lifted its stake in shares of Vulcan Materials by 6.9% in the fourth quarter. Gilbert & Cook Inc. now owns 3,909 shares of the construction company’s stock worth $887,000 after acquiring an additional 251 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its stake in shares of Vulcan Materials by 0.6% in the fourth quarter. New York Life Investment Management LLC now owns 20,782 shares of the construction company’s stock worth $4,718,000 after acquiring an additional 122 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity

In other news, SVP David P. Clement sold 1,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $249.50, for a total value of $249,500.00. Following the completion of the sale, the senior vice president now owns 1,660 shares in the company, valued at $414,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $245.21 on Friday. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79. The stock has a fifty day moving average of $250.44 and a 200-day moving average of $257.33. The company has a market capitalization of $32.43 billion, a PE ratio of 35.80, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. Vulcan Materials’s revenue was down 4.7% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. As a group, equities analysts anticipate that Vulcan Materials will post 7.9 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be issued a $0.46 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.75%. Vulcan Materials’s payout ratio is currently 26.86%.

Analysts Set New Price Targets

Several analysts have issued reports on VMC shares. Stephens cut their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Citigroup cut their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Loop Capital cut their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Truist Financial cut their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada cut their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $274.73.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.