ProShare Advisors LLC Boosts Stock Holdings in Vulcan Materials Company $VMC

ProShare Advisors LLC grew its position in shares of Vulcan Materials Company (NYSE:VMC) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,331 shares of the construction company’s stock after purchasing an additional 2,422 shares during the period. ProShare Advisors LLC’s holdings in Vulcan Materials were worth $6,868,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of VMC. Unified Investment Management raised its position in shares of Vulcan Materials by 1.7% during the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock valued at $589,000 after buying an additional 38 shares in the last quarter. Rosenberg Matthew Hamilton increased its stake in Vulcan Materials by 6.2% during the second quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock worth $169,000 after acquiring an additional 38 shares during the last quarter. Manchester Capital Management LLC raised 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 valued at $43,000 after purchasing an additional 39 shares during the period. Chemistry Wealth Management LLC lifted its stake in shares of Vulcan Materials by 3.0% in the 2nd quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock valued at $350,000 after purchasing an additional 39 shares during the last quarter. Finally, ORG Partners LLC boosted its holdings in shares of Vulcan Materials by 86.3% in 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. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $295.20 on Thursday. The business has a fifty day moving average of $296.47 and a 200 day moving average of $280.29. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $311.74. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The firm has a market capitalization of $39.00 billion, a price-to-earnings ratio of 41.23, a price-to-earnings-growth ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.12. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the previous year, the business earned $2.22 EPS. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. As a group, research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Monday, November 10th. Vulcan Materials’s dividend payout ratio is 23.28%.

Insider Activity

In other Vulcan Materials news, President Thompson S. Baker II sold 5,818 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the sale, the senior vice president directly owned 2,832 shares in the company, valued at $845,521.92. The trade was a 19.77% decrease in their position. The SEC filing for this sale provides additional information. 0.62% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on VMC shares. Raymond James Financial boosted their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Stifel Nicolaus set a $327.00 price target on shares of Vulcan Materials in a research report on Monday, November 3rd. Royal Bank Of Canada decreased their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. Finally, Citigroup lowered their target price on shares of Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Two investment 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 stock. Based on data from MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and an average target price of $317.58.

Vulcan Materials 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.