Providence Capital Advisors LLC trimmed its stake in Vulcan Materials (NYSE:VMC) by 43.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522 shares of the construction company’s stock after selling 406 shares during the period. Providence Capital Advisors LLC’s holdings in Vulcan Materials were worth $72,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Patten & Patten Inc. TN grew its holdings in Vulcan Materials by 0.9% in the second quarter. Patten & Patten Inc. TN now owns 8,579 shares of the construction company’s stock worth $1,178,000 after purchasing an additional 75 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of Vulcan Materials by 0.6% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 13,757 shares of the construction company’s stock worth $1,889,000 after purchasing an additional 82 shares in the last quarter. Veritable L.P. grew its stake in Vulcan Materials by 3.8% during the 2nd quarter. Veritable L.P. now owns 2,261 shares of the construction company’s stock worth $310,000 after buying an additional 82 shares during the last quarter. World Asset Management Inc grew its stake in Vulcan Materials by 1.0% during the 2nd quarter. World Asset Management Inc now owns 9,209 shares of the construction company’s stock worth $1,264,000 after buying an additional 90 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in Vulcan Materials by 1.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 5,380 shares of the construction company’s stock valued at $740,000 after buying an additional 93 shares in the last quarter. 95.21% of the stock is owned by hedge funds and other institutional investors.

NYSE VMC traded up $3.13 on Wednesday, hitting $145.27. 70,578 shares of the company’s stock traded hands, compared to its average volume of 754,328. The firm’s 50-day moving average price is $140.11 and its two-hundred day moving average price is $129.17. The firm has a market capitalization of $18.79 billion, a PE ratio of 35.86, a P/E/G ratio of 1.67 and a beta of 0.93. The company has a current ratio of 1.89, a quick ratio of 1.23 and a debt-to-equity ratio of 0.59. Vulcan Materials has a 1-year low of $82.52 and a 1-year high of $145.53.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Thursday, July 25th. The construction company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.03. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.31 billion. Vulcan Materials had a net margin of 12.12% and a return on equity of 11.07%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.23 earnings per share. On average, research analysts anticipate that Vulcan Materials will post 4.84 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.31 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.85%. Vulcan Materials’s payout ratio is currently 30.62%.

In other news, insider Stanley G. Bass sold 6,207 shares of the business’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $135.80, for a total value of $842,910.60. Following the completion of the transaction, the insider now owns 53,813 shares of the company’s stock, valued at approximately $7,307,805.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.

Several equities research analysts have weighed in on the company. Stifel Nicolaus raised their price target on Vulcan Materials from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Tuesday, July 2nd. ValuEngine downgraded shares of Vulcan Materials from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Barclays reaffirmed a “buy” rating and issued a $140.00 price objective on shares of Vulcan Materials in a research report on Monday, July 15th. Royal Bank of Canada set a $142.00 target price on shares of Vulcan Materials and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Longbow Research boosted their target price on shares of Vulcan Materials from $145.00 to $153.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $137.00.

Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

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

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