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

Vise Technologies Inc. bought a new position in shares of Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,926 shares of the construction company’s stock, valued at approximately $502,000.

Several other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of Vulcan Materials by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 16,699,662 shares of the construction company’s stock worth $3,896,031,000 after purchasing an additional 347,155 shares during the period. JPMorgan Chase & Co. boosted its holdings in Vulcan Materials by 5.6% during the first quarter. JPMorgan Chase & Co. now owns 6,967,777 shares of the construction company’s stock worth $1,625,583,000 after buying an additional 370,434 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Vulcan Materials by 7.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,872,652 shares of the construction company’s stock valued at $495,635,000 after buying an additional 130,949 shares during the period. Alkeon Capital Management LLC increased its holdings in Vulcan Materials by 4.4% in the first quarter. Alkeon Capital Management LLC now owns 1,338,346 shares of the construction company’s stock valued at $312,236,000 after buying an additional 56,345 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of Vulcan Materials by 4.4% in the first quarter. Invesco Ltd. now owns 1,214,868 shares of the construction company’s stock worth $283,429,000 after acquiring an additional 50,968 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Down 1.3%

NYSE VMC opened at $280.38 on Friday. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The business has a fifty day moving average price of $296.02 and a 200 day moving average price of $280.56. The company has a market cap of $37.05 billion, a P/E ratio of 39.16, a P/E/G ratio of 2.39 and a beta of 0.95.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company’s revenue for the quarter was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.22 earnings per share. Research analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 698 shares of Vulcan Materials 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 transaction, the senior vice president owned 2,832 shares in the company, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Thompson S. Baker II sold 5,818 shares of the company’s stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $292.26, for a total value of $1,700,368.68. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 11,369 shares of company stock worth $3,343,456. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on VMC shares. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. Barclays boosted their price objective on Vulcan Materials from $305.00 to $320.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Stifel Nicolaus set a $327.00 target price on Vulcan Materials in a research note on Monday, November 3rd. DA Davidson lifted their price target on shares of Vulcan Materials from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Raymond James Financial upped their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company presently 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.