Grandfield & Dodd LLC Acquires New Stake in Vulcan Materials Company $VMC

Grandfield & Dodd LLC bought a new stake in Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 13,401 shares of the construction company’s stock, valued at approximately $3,954,000.

Other institutional investors have also recently added to or reduced their stakes in the company. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of Vulcan Materials during the 2nd quarter worth $6,167,000. MidFirst Bank purchased a new position in shares of Vulcan Materials during the 2nd quarter worth approximately $2,311,000. BlackRock Inc. purchased a new position in shares of Vulcan Materials during the second quarter worth $2,868,444,000. Pallas Capital Advisors LLC purchased a new position in Vulcan Materials during the 2nd quarter valued at about $689,000. Finally, Deutsche Bank AG acquired a new position in shares of Vulcan Materials in the second quarter valued at approximately $208,673,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of several analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. Barclays boosted their price objective on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada upped their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Wells Fargo & Company decreased their price target on Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating for the company in a report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $327.93.

Insider Buying and Selling

In related news, SVP David P. Clement sold 2,000 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. The trade was a 22.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $278.49 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. The firm has a market capitalization of $36.09 billion, a price-to-earnings ratio of 32.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The business’s 50 day simple moving average is $289.69 and its 200-day simple moving average is $288.26.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates of $2.46 by $0.13. The business had revenue of $2.16 billion during the quarter, compared to analysts’ expectations of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The business’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the business posted $2.42 earnings per share. As a group, equities analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

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.