Vulcan Materials Company $VMC Shares Acquired by Gilbert & Cook Inc.

Gilbert & Cook Inc. lifted its holdings in Vulcan Materials Company (NYSE:VMC) by 9.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,596 shares of the construction company’s stock after buying an additional 412 shares during the quarter. Gilbert & Cook Inc.’s holdings in Vulcan Materials were worth $1,199,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new stake in shares of Vulcan Materials during the 4th quarter worth $497,000. Golden State Wealth Management LLC lifted its stake in shares of Vulcan Materials by 21.0% in the first quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company’s stock valued at $222,000 after purchasing an additional 165 shares during the period. DAVENPORT & Co LLC lifted its stake in shares of Vulcan Materials by 14.0% in the first quarter. DAVENPORT & Co LLC now owns 10,704 shares of the construction company’s stock valued at $2,497,000 after purchasing an additional 1,311 shares during the period. Private Trust Co. NA boosted its holdings in Vulcan Materials by 28.5% during the first quarter. Private Trust Co. NA now owns 510 shares of the construction company’s stock worth $119,000 after buying an additional 113 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in Vulcan Materials by 109.6% during the first quarter. Teacher Retirement System of Texas now owns 19,307 shares of the construction company’s stock worth $4,504,000 after buying an additional 10,094 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of Vulcan Materials stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley reduced their price target on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Royal Bank Of Canada reduced their price objective on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a report on Friday. Raymond James Financial upped their target price on Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 21st. Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $312.91.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $290.09 on Friday. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $311.74. The company has a market capitalization of $38.33 billion, a price-to-earnings ratio of 40.52, a PEG ratio of 2.39 and a beta of 0.92. The stock has a fifty day moving average of $296.59 and a two-hundred day moving average of $277.63. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67.

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

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th will be paid a dividend of $0.49 per share. 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 (DPR) is currently 23.28%.

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.