Vulcan Materials Company $VMC Shares Acquired by Bamco Inc. NY

Bamco Inc. NY boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,132 shares of the construction company’s stock after purchasing an additional 1,966 shares during the period. Bamco Inc. NY owned approximately 0.17% of Vulcan Materials worth $64,212,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NBT Bank N A NY acquired a new stake in Vulcan Materials during the fourth quarter valued at approximately $26,000. Godsey & Gibb Inc. acquired a new stake in Vulcan Materials during the fourth quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials during the third quarter valued at approximately $30,000. WPG Advisers LLC lifted its stake in Vulcan Materials by 56.4% during the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after purchasing an additional 44 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials during the fourth quarter valued at approximately $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Morgan Stanley cut their target price on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research note on Monday, April 6th. Barclays upped their price target on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Oppenheimer initiated coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They issued a “market perform” rating for the company. Seven investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $326.92.

Vulcan Materials Stock Down 2.2%

VMC stock opened at $294.34 on Thursday. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The company has a market cap of $38.19 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 2.17 and a beta of 1.05. The company has a 50 day moving average of $283.56 and a two-hundred day moving average of $290.08.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the business posted $1.00 EPS. Vulcan Materials’s quarterly revenue was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Vulcan Materials Company will post 9.28 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is 24.73%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.