Chemical Bank maintained its stake in Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,516 shares of the construction company’s stock at the end of the 2nd quarter. Chemical Bank’s holdings in Vulcan Materials were worth $572,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Gilder Gagnon Howe & Co. LLC bought a new stake in Vulcan Materials during the first quarter worth approximately $105,000. NN Investment Partners Holdings N.V. boosted its position in Vulcan Materials by 25.2% during the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock worth $126,000 after purchasing an additional 200 shares during the period. Korea Investment CORP boosted its position in Vulcan Materials by 140.5% during the second quarter. Korea Investment CORP now owns 1,229 shares of the construction company’s stock worth $156,000 after purchasing an additional 718 shares during the period. Schroder Investment Management Group bought a new stake in Vulcan Materials during the second quarter worth approximately $187,000. Finally, NEXT Financial Group Inc boosted its position in Vulcan Materials by 405.7% during the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock worth $181,000 after purchasing an additional 1,201 shares during the period. 87.18% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on VMC. BidaskClub raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Argus upped their target price on Vulcan Materials from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Tuesday, June 20th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $154.00 target price on shares of Vulcan Materials in a research report on Monday, June 19th. Finally, Stephens raised 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. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $136.00.

Shares of Vulcan Materials Company (NYSE VMC) opened at 114.35 on Friday. The stock has a 50 day moving average price of $117.97 and a 200 day moving average price of $122.38. The company has a market capitalization of $15.13 billion, a PE ratio of 36.82 and a beta of 0.94. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results 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). The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.07 billion. Vulcan Materials had a net margin of 11.28% and a return on equity of 8.72%. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. On average, analysts predict that Vulcan Materials Company will post $3.40 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Wednesday, August 23rd were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $1.00 annualized dividend and a yield of 0.87%. Vulcan Materials’s dividend payout ratio is presently 32.36%.

In other news, insider David B. Pasley sold 1,250 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $121.51, for a total transaction of $151,887.50. Following the completion of the transaction, the insider now owns 2,857 shares of the company’s stock, valued at approximately $347,154.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.89% of the stock is owned by insiders.

COPYRIGHT VIOLATION NOTICE: This news story was posted by Daily Political and is owned by of Daily Political. If you are accessing this news story on another site, it was copied illegally and republished in violation of United States & international copyright & trademark laws. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/09/15/chemical-bank-continues-to-hold-position-in-vulcan-materials-company-vmc.html.

Vulcan Materials Profile

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).

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC).

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

Receive News & Ratings for Vulcan Materials Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials Company and related companies with MarketBeat.com's FREE daily email newsletter.