Wheatland Advisors Inc. held its position in shares of Vulcan Materials Company (NYSE:VMC) during the second quarter, Holdings Channel reports. The institutional investor owned 29,550 shares of the construction company’s stock at the end of the second quarter. Vulcan Materials accounts for about 3.4% of Wheatland Advisors Inc.’s investment portfolio, making the stock its 4th largest position. Wheatland Advisors Inc.’s holdings in Vulcan Materials were worth $3,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Teachers Advisors LLC raised its position in shares of Vulcan Materials by 5.1% in the fourth quarter. Teachers Advisors LLC now owns 148,379 shares of the construction company’s stock valued at $18,570,000 after buying an additional 7,178 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its position in shares of Vulcan Materials by 3.2% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 115,100 shares of the construction company’s stock valued at $13,867,000 after buying an additional 3,541 shares during the last quarter. CENTRAL TRUST Co raised its position in shares of Vulcan Materials by 6.6% in the first quarter. CENTRAL TRUST Co now owns 2,568 shares of the construction company’s stock valued at $309,000 after buying an additional 160 shares during the last quarter. Gulf International Bank UK Ltd raised its position in shares of Vulcan Materials by 1.2% in the first quarter. Gulf International Bank UK Ltd now owns 41,338 shares of the construction company’s stock valued at $4,980,000 after buying an additional 500 shares during the last quarter. Finally, National Pension Service raised its position in shares of Vulcan Materials by 8.4% in the first quarter. National Pension Service now owns 115,921 shares of the construction company’s stock valued at $13,643,000 after buying an additional 9,003 shares during the last quarter. Institutional investors own 85.60% of the company’s stock.

Vulcan Materials Company (VMC) opened at 117.88 on Thursday. Vulcan Materials Company has a 1-year low of $105.71 and a 1-year high of $138.18. The firm has a market capitalization of $15.61 billion, a PE ratio of 37.95 and a beta of 0.93. The firm’s 50-day moving average price is $125.63 and its 200-day moving average price is $123.92.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Wednesday, August 23rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, August 21st. This represents a $1.00 annualized dividend and a dividend yield of 0.85%. Vulcan Materials’s dividend payout ratio is presently 32.36%.

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Several research analysts recently weighed in on VMC shares. Zacks Investment Research lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Friday, April 21st. Citigroup Inc. reiterated a “buy” rating on shares of Vulcan Materials in a research report on Thursday, May 11th. Argus increased their price objective on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. BidaskClub upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $154.00 price objective on shares of Vulcan Materials in a research report on Monday, June 19th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $139.67.

In other news, General Counsel Jerry F. Perkins, Jr. sold 306 shares of the business’s stock in a transaction on Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total transaction of $40,392.00. Following the completion of the sale, 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 can be accessed through this link. Also, VP Ejaz A. Khan sold 2,024 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $125.30, for a total transaction of $253,607.20. The disclosure for this sale can be found here. Insiders have 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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