Vulcan Materials Company $VMC Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in Vulcan Materials Company (NYSE:VMC) by 12.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,824,987 shares of the construction company’s stock after acquiring an additional 857,210 shares during the quarter. JPMorgan Chase & Co. owned 0.06% of Vulcan Materials worth $2,040,914,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in VMC. Wealth Enhancement Advisory Services LLC lifted its holdings in Vulcan Materials by 26.2% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 19,938 shares of the construction company’s stock valued at $5,308,000 after acquiring an additional 4,140 shares during the last quarter. Alpha Cubed Investments LLC raised its holdings in shares of Vulcan Materials by 577.2% in the 2nd quarter. Alpha Cubed Investments LLC now owns 48,902 shares of the construction company’s stock worth $12,755,000 after purchasing an additional 41,681 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in Vulcan Materials by 7.8% during the first quarter. Atria Wealth Solutions Inc. now owns 3,870 shares of the construction company’s stock valued at $903,000 after purchasing an additional 281 shares during the last quarter. Diversified Trust Co boosted its holdings in Vulcan Materials by 3.2% during the second quarter. Diversified Trust Co now owns 1,625 shares of the construction company’s stock worth $424,000 after buying an additional 51 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Vulcan Materials by 2.8% during the second quarter. Bank of Montreal Can now owns 146,145 shares of the construction company’s stock worth $38,118,000 after buying an additional 3,959 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

VMC stock opened at $287.97 on Friday. The firm has a 50 day moving average of $294.78 and a two-hundred day moving average of $281.33. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $311.74. The company has a market capitalization of $38.05 billion, a price-to-earnings ratio of 40.22, a P/E/G ratio of 2.39 and a beta of 0.95. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last released 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 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%. Vulcan Materials’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 EPS. As a group, equities analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Insider Activity

In related news, SVP David P. Clement sold 698 shares of the business’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 value of $208,394.88. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at approximately $845,521.92. The trade was a 19.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thompson S. Baker II sold 4,853 shares of the stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $295.63, for a total value of $1,434,692.39. Following the transaction, the president owned 41,485 shares in the company, valued at approximately $12,264,210.55. This trade represents a 10.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 11,369 shares of company stock valued at $3,343,456. 0.62% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on VMC shares. Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 21st. Royal Bank Of Canada decreased their price target on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research report on Friday, October 31st. Stifel Nicolaus set a $327.00 price objective on Vulcan Materials in a report on Monday, November 3rd. Finally, Raymond James Financial upped their price objective on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $317.58.

About Vulcan Materials

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.