Ossiam Has $4.09 Million Stock Position in Vulcan Materials (NYSE:VMC)

Ossiam lifted its holdings in Vulcan Materials (NYSE:VMC) by 193.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 22,718 shares of the construction company’s stock after buying an additional 14,983 shares during the quarter. Ossiam’s holdings in Vulcan Materials were worth $4,089,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Toroso Investments LLC bought a new stake in Vulcan Materials during the 2nd quarter worth about $265,000. Brown Brothers Harriman & Co. raised its stake in shares of Vulcan Materials by 164.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 5,105 shares of the construction company’s stock worth $889,000 after purchasing an additional 3,177 shares in the last quarter. Lincoln National Corp raised its stake in shares of Vulcan Materials by 8.9% during the 2nd quarter. Lincoln National Corp now owns 2,054 shares of the construction company’s stock worth $357,000 after purchasing an additional 168 shares in the last quarter. LPL Financial LLC boosted its stake in Vulcan Materials by 21.2% in the second quarter. LPL Financial LLC now owns 54,208 shares of the construction company’s stock valued at $9,436,000 after buying an additional 9,473 shares in the last quarter. Finally, Stifel Financial Corp raised its position in Vulcan Materials by 8.4% in the second quarter. Stifel Financial Corp now owns 103,256 shares of the construction company’s stock valued at $17,974,000 after purchasing an additional 7,962 shares during the last quarter. 87.71% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on VMC shares. Loop Capital upgraded Vulcan Materials from a “hold” rating to a “buy” rating and set a $205.00 price objective for the company in a research report on Wednesday, October 6th. Royal Bank of Canada raised their price objective on Vulcan Materials from $182.00 to $198.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 7th. Jefferies Financial Group upgraded Vulcan Materials from a “hold” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $207.00 in a research report on Friday, June 25th. Finally, Morgan Stanley raised their price objective on Vulcan Materials from $186.00 to $193.00 and gave the stock an “equal weight” rating in a research report on Monday, August 9th. Nine equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Vulcan Materials presently has an average rating of “Hold” and an average target price of $186.85.

In other news, SVP David P. Clement sold 3,716 shares of the firm’s stock in a transaction on Tuesday, August 24th. The stock was sold at an average price of $184.34, for a total value of $685,007.44. Following the transaction, the senior vice president now directly owns 7,593 shares in the company, valued at approximately $1,399,693.62. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO J Thomas Hill sold 69,558 shares of Vulcan Materials stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $186.48, for a total value of $12,971,175.84. Following the completion of the sale, the chief executive officer now directly owns 70,465 shares in the company, valued at $13,140,313.20. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,795 shares of company stock valued at $19,874,999. 0.55% of the stock is owned by company insiders.

Shares of VMC traded up $1.37 during mid-day trading on Thursday, hitting $171.85. The stock had a trading volume of 558 shares, compared to its average volume of 802,208. The firm has a market cap of $22.80 billion, a P/E ratio of 33.96 and a beta of 0.58. The business has a fifty day moving average price of $179.33 and a 200-day moving average price of $178.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.67 and a quick ratio of 2.92. Vulcan Materials has a 52 week low of $131.36 and a 52 week high of $194.17.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, August 4th. The construction company reported $1.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.08). Vulcan Materials had a net margin of 13.64% and a return on equity of 10.71%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the firm earned $1.60 earnings per share. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. As a group, research analysts expect that Vulcan Materials will post 5.09 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 2nd. Investors of record on Tuesday, November 16th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Monday, November 15th. Vulcan Materials’s payout ratio is 31.62%.

Vulcan Materials Profile

Vulcan Materials Co engages in the provision of basic materials and supply for infrastructure and construction industry. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.

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

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