Aberdeen Group plc Buys 2,608 Shares of Vulcan Materials Company $VMC

Aberdeen Group plc raised its stake in shares of Vulcan Materials Company (NYSE:VMC) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,274 shares of the construction company’s stock after purchasing an additional 2,608 shares during the period. Aberdeen Group plc owned 0.09% of Vulcan Materials worth $34,402,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. National Pension Service increased its holdings in Vulcan Materials by 0.8% during the 2nd quarter. National Pension Service now owns 175,458 shares of the construction company’s stock valued at $45,763,000 after purchasing an additional 1,455 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after purchasing an additional 414,828 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Vulcan Materials by 12.3% during the second quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock worth $2,040,914,000 after purchasing an additional 857,210 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of Vulcan Materials by 104.3% during the third quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company’s stock worth $22,183,000 after purchasing an additional 36,823 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Vulcan Materials by 19.3% in the second quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock valued at $66,976,000 after buying an additional 41,504 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Up 1.8%

NYSE VMC opened at $327.59 on Tuesday. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $331.09. The stock has a 50-day simple moving average of $301.92 and a 200 day simple moving average of $296.17. The company has a current ratio of 2.23, a quick ratio of 1.56 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $43.28 billion, a PE ratio of 38.91, a P/E/G ratio of 2.45 and a beta of 1.07.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a $0.52 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.6%. Vulcan Materials’s dividend payout ratio (DPR) is currently 23.28%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Stifel Nicolaus set a $327.00 price target on shares of Vulcan Materials in a research report on Monday, November 3rd. Wells Fargo & Company upped their target price on shares of Vulcan Materials from $310.00 to $317.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 29th. Citigroup raised their price target on shares of Vulcan Materials from $342.00 to $345.00 and gave the company a “buy” rating in a report on Thursday, January 8th. B. Riley Financial started coverage on shares of Vulcan Materials in a research report on Thursday, January 15th. They issued a “buy” rating and a $345.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $320.38.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP Denson N. Franklin III sold 665 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total value of $196,175.00. Following the sale, the senior vice president directly owned 8,284 shares in the company, valued at approximately $2,443,780. This trade represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the completion of the transaction, the senior vice president directly owned 832 shares of the company’s stock, valued at $240,073.60. This trade represents a 70.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,800 shares of company stock worth $2,919,554 in the last ninety days. Company insiders own 0.61% of the company’s stock.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.