Farther Finance Advisors LLC Sells 172 Shares of Vulcan Materials Company $VMC

Farther Finance Advisors LLC decreased its holdings in Vulcan Materials Company (NYSE:VMCFree Report) by 14.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,056 shares of the construction company’s stock after selling 172 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vulcan Materials were worth $275,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in Vulcan Materials during the fourth quarter valued at $497,000. Wealth Enhancement Advisory Services LLC raised its holdings in Vulcan Materials by 22.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,120 shares of the construction company’s stock valued at $2,860,000 after acquiring an additional 2,034 shares during the period. Wellington Management Group LLP boosted its holdings in Vulcan Materials by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock valued at $249,000 after purchasing an additional 51 shares during the period. Rhumbline Advisers boosted its holdings in Vulcan Materials by 4.8% in the 1st quarter. Rhumbline Advisers now owns 259,247 shares of the construction company’s stock valued at $60,482,000 after purchasing an additional 11,915 shares during the period. Finally, Czech National Bank lifted its holdings in shares of Vulcan Materials by 5.9% during the 1st quarter. Czech National Bank now owns 30,332 shares of the construction company’s stock worth $7,076,000 after acquiring an additional 1,698 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on VMC shares. 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 report on Friday, August 1st. Barclays upped their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. Citigroup reissued a “buy” rating and issued a $321.00 target price (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. JPMorgan Chase & Co. boosted 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. Finally, Morgan Stanley reduced their target price on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $308.36.

Check Out Our Latest Stock Report on Vulcan Materials

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction 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 completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.61% of the stock is currently owned by corporate insiders.

Vulcan Materials Price Performance

VMC stock opened at $307.92 on Wednesday. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $308.18. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $289.45 and a two-hundred day simple moving average of $267.49. The firm has a market capitalization of $40.68 billion, a P/E ratio of 43.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.86.

Vulcan Materials (NYSE:VMCGet Free Report) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.65 by ($0.20). The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.35 earnings per share. Analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were given a $0.49 dividend. The ex-dividend date was Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.6%. Vulcan Materials’s dividend payout ratio (DPR) is currently 27.37%.

Vulcan Materials Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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