Diversified Trust Co Acquires 51 Shares of Vulcan Materials Company $VMC

Diversified Trust Co lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 3.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,625 shares of the construction company’s stock after purchasing an additional 51 shares during the quarter. Diversified Trust Co’s holdings in Vulcan Materials were worth $424,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Opal Wealth Advisors LLC bought a new position in Vulcan Materials in the first quarter valued at approximately $27,000. Manchester Capital Management LLC increased its stake in Vulcan Materials by 26.9% in the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after acquiring an additional 39 shares during the last quarter. Wayfinding Financial LLC bought a new position in Vulcan Materials in the first quarter valued at approximately $45,000. Rakuten Securities Inc. bought a new position in Vulcan Materials in the first quarter valued at approximately $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Vulcan Materials by 866.7% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 232 shares of the construction company’s stock valued at $61,000 after acquiring an additional 208 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VMC has been the topic of a number of recent analyst reports. Royal Bank Of Canada decreased their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Barclays raised their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Morgan Stanley cut their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. Finally, Citigroup restated a “buy” rating and issued a $321.00 target price (up previously from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Vulcan Materials has a consensus rating of “Buy” and a consensus target price of $308.36.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $297.36 on Wednesday. The firm has a market cap of $39.29 billion, a PE ratio of 41.53, a price-to-earnings-growth ratio of 2.44 and a beta of 0.86. The firm’s fifty day moving average is $285.95 and its 200-day moving average is $264.94. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $302.21.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). The business had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.Vulcan Materials’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.35 EPS. Sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials’s payout ratio is 27.37%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares in the company, valued at approximately $845,521.92. The trade was a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.61% of the company’s stock.

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.