Alkeon Capital Management LLC Boosts Holdings in Vulcan Materials Company $VMC

Alkeon Capital Management LLC boosted its stake in Vulcan Materials Company (NYSE:VMC) by 10.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,478,646 shares of the construction company’s stock after purchasing an additional 140,300 shares during the quarter. Vulcan Materials comprises 0.6% of Alkeon Capital Management LLC’s portfolio, making the stock its 23rd largest position. Alkeon Capital Management LLC owned about 1.12% of Vulcan Materials worth $385,660,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Unified Investment Management raised its position in shares of Vulcan Materials by 1.7% in the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock worth $589,000 after buying an additional 38 shares during the period. Rosenberg Matthew Hamilton grew its position in Vulcan Materials by 6.2% during the second quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock valued at $169,000 after acquiring an additional 38 shares during the period. Chemistry Wealth Management LLC increased its stake in Vulcan Materials by 3.0% during the second quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock worth $350,000 after acquiring an additional 39 shares during the last quarter. Bollard Group LLC raised its holdings in shares of Vulcan Materials by 5.3% in the 2nd quarter. Bollard Group LLC now owns 819 shares of the construction company’s stock worth $214,000 after purchasing an additional 41 shares during the period. Finally, ORG Partners LLC grew its holdings in shares of Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after purchasing an additional 44 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Down 1.1%

NYSE:VMC opened at $296.07 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. The company has a market capitalization of $39.12 billion, a price-to-earnings ratio of 35.16, a price-to-earnings-growth ratio of 2.45 and a beta of 1.06. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The stock has a 50-day simple moving average of $293.38 and a 200 day simple moving average of $283.81.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.72 by $0.12. The firm had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.Vulcan Materials’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.22 earnings per share. Sell-side analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Investors of record on Monday, November 10th were given 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 of this dividend was Monday, November 10th. Vulcan Materials’s dividend payout ratio is currently 23.28%.

Analyst Upgrades and Downgrades

Several research firms recently commented on VMC. Stifel Nicolaus set a $327.00 price target on shares of Vulcan Materials in a report on Monday, November 3rd. Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday, October 30th. Citigroup lowered their target price on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Finally, 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. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $317.58.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total value of $577,100.00. Following the sale, the senior vice president owned 832 shares of the company’s stock, valued at approximately $240,073.60. This trade represents a 70.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Thompson S. Baker II sold 4,853 shares of Vulcan Materials stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $295.63, for a total transaction of $1,434,692.39. Following the completion of the sale, the president owned 41,485 shares in the company, valued at approximately $12,264,210.55. This represents a 10.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 13,336 shares of company stock worth $3,908,336. 0.62% of the stock is currently owned by company insiders.

About Vulcan Materials

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.