United Capital Financial Advisors LLC Acquires New Stake in Vulcan Materials Company $VMC

United Capital Financial Advisors LLC acquired a new position in Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, Holdings Channel reports. The firm acquired 2,776 shares of the construction company’s stock, valued at approximately $819,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. BlackRock Inc. bought a new stake in Vulcan Materials during the second quarter valued at approximately $2,868,444,000. Bank of America Corp DE bought a new position in Vulcan Materials in the second quarter worth approximately $688,580,000. The Manufacturers Life Insurance Company bought a new position in Vulcan Materials in the second quarter worth approximately $451,119,000. Norges Bank purchased a new position in shares of Vulcan Materials during the 4th quarter worth $383,613,000. Finally, Stockbridge Partners LLC purchased a new position in Vulcan Materials during the second quarter valued at $314,470,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on VMC shares. Oppenheimer began coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Raymond James Financial reissued an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada lifted their price target on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, DA Davidson initiated coverage on shares of Vulcan Materials in a research report on Tuesday, August 25th. They issued a “buy” rating and a $330.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.64.

Vulcan Materials Stock Performance

NYSE VMC opened at $275.11 on Monday. The firm has a market cap of $35.65 billion, a price-to-earnings ratio of 32.48, a price-to-earnings-growth ratio of 1.98 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $286.74 and a 200-day moving average price of $285.99. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter last year, the company earned $2.42 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, equities research analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction on Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the sale, the senior vice president directly 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 is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

About Vulcan Materials

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.