Vise Technologies Inc. Takes Position in Vulcan Materials Company $VMC

Vise Technologies Inc. purchased a new stake in Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 2,914 shares of the construction company’s stock, valued at approximately $860,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in Vulcan Materials in the second quarter worth about $2,868,444,000. Norges Bank acquired a new position in Vulcan Materials in the fourth quarter valued at approximately $383,613,000. Egerton Capital UK LLP bought a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $273,861,000. Bank of New York Mellon Corp bought a new position in shares of Vulcan Materials during the second quarter valued at approximately $213,960,000. Finally, Deutsche Bank AG acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $208,673,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $285.10, for a total transaction of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares in the company, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.65% of the stock is owned by insiders.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $275.48 on Monday. The firm’s 50 day moving average is $289.19 and its two-hundred day moving average is $287.48. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The firm has a market capitalization of $35.70 billion, a P/E ratio of 32.52, a PEG ratio of 1.99 and a beta of 1.06. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 earnings per share. Analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be paid a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials’s payout ratio is presently 24.56%.

Analyst Ratings Changes

Several brokerages recently issued reports on VMC. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a report on Thursday, April 30th. Stephens upped their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial reaffirmed an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Oppenheimer began coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $327.93.

Vulcan Materials 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.