Vulcan Materials Company $VMC Holdings Lifted by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC raised its position in Vulcan Materials Company (NYSE:VMC) by 577.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,902 shares of the construction company’s stock after purchasing an additional 41,681 shares during the quarter. Alpha Cubed Investments LLC’s holdings in Vulcan Materials were worth $12,755,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in VMC. Allworth Financial LP grew its stake in shares of Vulcan Materials by 11.5% in the second quarter. Allworth Financial LP now owns 726 shares of the construction company’s stock worth $189,000 after purchasing an additional 75 shares in the last quarter. Fidelis Capital Partners LLC boosted its stake in Vulcan Materials by 4.0% during the second quarter. Fidelis Capital Partners LLC now owns 4,619 shares of the construction company’s stock valued at $1,301,000 after buying an additional 178 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Vulcan Materials by 10.1% in the 2nd quarter. ProShare Advisors LLC now owns 26,331 shares of the construction company’s stock valued at $6,868,000 after acquiring an additional 2,422 shares during the last quarter. Midwest Trust Co acquired a new stake in Vulcan Materials during the 2nd quarter worth about $372,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Vulcan Materials in the 2nd quarter worth approximately $908,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada dropped their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Barclays raised their price objective on shares of Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a report on Thursday, October 30th. DA Davidson raised their target price on Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $317.58.

Vulcan Materials Price Performance

Shares of VMC stock opened at $287.62 on Monday. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $311.74. The stock has a market capitalization of $38.00 billion, a PE ratio of 40.17, a PEG ratio of 2.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The stock’s fifty day moving average is $296.24 and its 200-day moving average is $279.55.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.72 by $0.12. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The firm’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.22 EPS. Equities research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be given a dividend of $0.49 per share. The ex-dividend date is Monday, November 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is presently 23.28%.

Insider Activity

In other Vulcan Materials news, President Thompson S. Baker II sold 5,818 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total value of $1,700,368.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP David P. Clement sold 698 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the completion of the transaction, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by company insiders.

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.