4,343 Shares in Vulcan Materials Company $VMC Acquired by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new stake in Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,343 shares of the construction company’s stock, valued at approximately $1,281,000.

A number of other large investors also recently made changes to their positions in the company. Brighton Jones LLC bought a new stake in Vulcan Materials during the fourth quarter worth about $497,000. NewEdge Advisors LLC boosted its stake in shares of Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after purchasing an additional 190 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of Vulcan Materials by 28.5% during the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its position in Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after purchasing an additional 80 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In related news, Director J Thomas Hill sold 14,000 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $276.17, for a total value of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares in the company, valued at $16,075,579.53. This represents a 19.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the firm’s 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 transaction, the senior vice president directly owned 6,716 shares of the company’s stock, valued at approximately $1,914,731.60. This represents a 22.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 18,212 shares of company stock valued at $5,083,125 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $269.62 on Tuesday. The business has a 50 day moving average of $286.03 and a 200-day moving average of $285.56. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.76 and a quick ratio of 1.20. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a market capitalization of $34.94 billion, a P/E ratio of 31.83, a P/E/G ratio of 1.98 and a beta of 1.06.

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

Vulcan Materials Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is currently 24.56%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on VMC shares. Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday. Royal Bank Of Canada boosted their target price on shares of Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a report on Tuesday, July 7th. DA Davidson initiated coverage on Vulcan Materials in a research note on Tuesday, August 25th. They issued a “buy” rating and a $330.00 price target for the company. Finally, Citigroup cut their price objective on Vulcan Materials from $355.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.64.

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.