Inceptionr LLC Invests $367,000 in Vulcan Materials Company $VMC

Inceptionr LLC purchased a new stake in Vulcan Materials Company (NYSE:VMC) in the 2nd quarter, HoldingsChannel reports. The firm purchased 1,407 shares of the construction company’s stock, valued at approximately $367,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMC. Unified Investment Management lifted its stake in Vulcan Materials by 1.7% in the second quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock valued at $589,000 after acquiring an additional 38 shares during the last quarter. Rosenberg Matthew Hamilton boosted its holdings in Vulcan Materials by 6.2% in the second quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock worth $169,000 after purchasing an additional 38 shares in the last quarter. Manchester Capital Management LLC increased its position in Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after buying an additional 39 shares during the last quarter. Chemistry Wealth Management LLC increased its position 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 buying an additional 39 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of analyst reports. Stifel Nicolaus set a $327.00 price objective on Vulcan Materials in a report on Monday, November 3rd. JPMorgan Chase & Co. increased their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Tuesday, October 21st. DA Davidson boosted their price objective on shares of Vulcan Materials from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Citigroup lowered their target price on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating on the stock in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada dropped their target price on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $317.58.

Vulcan Materials Trading Up 0.7%

Shares of Vulcan Materials stock opened at $297.08 on Friday. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $311.74. The company’s fifty day simple moving average is $294.63 and its 200-day simple moving average is $282.19. The company has a market cap of $39.25 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 2.39 and a beta of 0.95. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates of $2.72 by $0.12. The firm had revenue of $2.29 billion during 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 business’s revenue was up 14.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.22 EPS. As a group, sell-side analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend was 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 (DPR) is 23.28%.

Insider Activity

In other Vulcan Materials news, President Thompson S. Baker II sold 5,818 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $292.26, for a total value of $1,700,368.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 completion of the sale, the senior vice president owned 832 shares of the company’s stock, valued at $240,073.60. This represents a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,369 shares of company stock worth $3,920,556 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Company 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.