67,692 Shares in Vulcan Materials Company $VMC Bought by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. purchased a new stake in shares of Vulcan Materials Company (NYSE:VMC) in the second quarter, Holdings Channel reports. The firm purchased 67,692 shares of the construction company’s stock, valued at approximately $19,970,000.

Other large investors have also added to or reduced their stakes in the company. Burkett Financial Services LLC purchased a new position in shares of Vulcan Materials in the second quarter valued at about $25,000. Meeder Asset Management Inc. boosted its holdings in shares of Vulcan Materials by 71.7% during the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after purchasing an additional 43 shares during the period. Birchwood Financial Partners Inc. purchased a new stake in shares of Vulcan Materials during the fourth quarter worth about $29,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Vulcan Materials in the third quarter worth about $30,000. Finally, WPG Advisers LLC grew its stake in shares of Vulcan Materials by 56.4% in the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after purchasing an additional 44 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Oppenheimer started coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. UBS Group cut their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Royal Bank Of Canada upped their target price on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a report on Thursday, July 30th. Finally, Barclays upped their target price on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Eight investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus price target of $327.93.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $276.49 on Thursday. The stock’s 50 day simple moving average is $289.60 and its two-hundred day simple moving average is $287.91. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.20 and a current ratio of 1.76. The stock has a market cap of $35.83 billion, a price-to-earnings ratio of 32.64, a PEG ratio of 1.96 and a beta of 1.06. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

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

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is presently 24.56%.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,000 shares of the stock in a transaction on Friday, August 7th. The stock was 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 in the company, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is currently owned by insiders.

Vulcan Materials 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.