Wealth Enhancement Advisory Services LLC Has $5.31 Million Stock Position in Vulcan Materials Company $VMC

Wealth Enhancement Advisory Services LLC lifted its stake in Vulcan Materials Company (NYSE:VMC) by 26.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,938 shares of the construction company’s stock after acquiring an additional 4,140 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Vulcan Materials were worth $5,308,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $27,000. Manchester Capital Management LLC increased its position in shares of 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 acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $45,000. Rakuten Securities Inc. acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $54,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its position in Vulcan Materials by 866.7% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 232 shares of the construction company’s stock worth $61,000 after buying an additional 208 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VMC shares. Royal Bank Of Canada dropped their price objective on 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. upped their price objective on Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research note on Tuesday, August 26th. Barclays upped their price objective on Vulcan Materials from $285.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Citigroup restated a “buy” rating and issued a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a research note on Monday, August 4th. Finally, Morgan Stanley dropped their price objective on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $308.36.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total value of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.62% of the company’s stock.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $293.63 on Thursday. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $302.21. The stock’s 50 day moving average is $286.61 and its 200-day moving average is $265.14. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $38.79 billion, a price-to-earnings ratio of 41.01, a PEG ratio of 2.43 and a beta of 0.86.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same period in the previous year, the company posted $2.35 EPS. Vulcan Materials’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th were given a $0.49 dividend. The ex-dividend date of this dividend was Thursday, August 14th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is presently 27.37%.

Vulcan Materials 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.