IFP Advisors Inc boosted its position in shares of Vulcan Materials Company (NYSE:VMC) by 3.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,669 shares of the construction company’s stock after buying an additional 101 shares during the period. IFP Advisors Inc’s holdings in Vulcan Materials were worth $338,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. raised its position in Vulcan Materials by 0.4% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,256 shares of the construction company’s stock worth $392,000 after buying an additional 14 shares during the period. Eads & Heald Investment Counsel raised its position in Vulcan Materials by 0.8% in the second quarter. Eads & Heald Investment Counsel now owns 2,257 shares of the construction company’s stock worth $286,000 after buying an additional 17 shares during the period. Gardner Russo & Gardner LLC raised its position in Vulcan Materials by 1.0% in the first quarter. Gardner Russo & Gardner LLC now owns 4,950 shares of the construction company’s stock worth $596,000 after buying an additional 50 shares during the period. Bahl & Gaynor Inc. raised its position in Vulcan Materials by 2.0% in the first quarter. Bahl & Gaynor Inc. now owns 3,118 shares of the construction company’s stock worth $376,000 after buying an additional 60 shares during the period. Finally, Pacer Advisors Inc. raised its position in Vulcan Materials by 3.2% in the first quarter. Pacer Advisors Inc. now owns 2,451 shares of the construction company’s stock worth $295,000 after buying an additional 77 shares during the period. Hedge funds and other institutional investors own 84.88% of the company’s stock.

Vulcan Materials Company (NYSE:VMC) opened at 116.09 on Thursday. The company has a 50-day moving average of $123.41 and a 200 day moving average of $123.27. Vulcan Materials Company has a 12 month low of $105.71 and a 12 month high of $138.18. The stock has a market capitalization of $15.36 billion, a price-to-earnings ratio of 37.38 and a beta of 0.93.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $1.22 by $0.32. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the business earned $0.90 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials Company will post $3.46 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd will be paid a $0.25 dividend. The ex-dividend date is Monday, August 21st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.86%. Vulcan Materials’s payout ratio is currently 32.36%.

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Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $140.00 to $145.00 in a research report on Thursday, August 3rd. BidaskClub lowered shares of Vulcan Materials from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Royal Bank Of Canada reiterated a “buy” rating and issued a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th. Finally, Argus upped their target price on shares of Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $139.67.

In other Vulcan Materials news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of Vulcan Materials stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $40,392.00. Following the completion of the transaction, the general counsel now directly owns 5,292 shares of the company’s stock, valued at approximately $698,544. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stanley G. Bass sold 4,413 shares of Vulcan Materials stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $132.00, for a total transaction of $582,516.00. Following the completion of the transaction, the insider now directly owns 21,939 shares of the company’s stock, valued at $2,895,948. The disclosure for this sale can be found here. Insiders sold a total of 6,743 shares of company stock valued at $876,515 over the last three months. Corporate insiders own 0.89% of the company’s stock.

About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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