205,954 Shares in Vulcan Materials Company $VMC Purchased by EFG International AG

EFG International AG acquired a new stake in Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 205,954 shares of the construction company’s stock, valued at approximately $60,784,000. Vulcan Materials accounts for 1.1% of EFG International AG’s portfolio, making the stock its 21st biggest holding. EFG International AG owned about 0.16% of Vulcan Materials at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VMC. Burkett Financial Services LLC purchased a new position in shares of Vulcan Materials in the 2nd quarter worth about $25,000. Meeder Asset Management Inc. grew its holdings in shares of Vulcan Materials by 71.7% in 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 last quarter. Birchwood Financial Partners Inc. bought a new position in shares of Vulcan Materials in the fourth quarter worth approximately $29,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vulcan Materials in the third quarter worth $30,000. Finally, Concord Wealth Partners bought a new stake in Vulcan Materials during the 4th quarter valued at $36,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. DA Davidson started coverage on shares of Vulcan Materials in a research report on Tuesday. They set a “buy” rating and a $330.00 price target for the company. Stephens boosted their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Barclays upped their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Oppenheimer began coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating for the company. Finally, Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $328.64.

Insider Activity

In other news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. The trade was a 20.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Down 0.7%

NYSE:VMC opened at $274.05 on Wednesday. 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’s 50-day moving average price is $288.31 and its 200-day moving average price is $286.97. The company has a market capitalization of $35.51 billion, a PE ratio of 32.36, a P/E/G ratio of 1.99 and a beta of 1.06. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

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

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.56%.

About Vulcan Materials

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.