Osborne Partners Capital Management LLC Sells 35,234 Shares of Vulcan Materials Company $VMC

Osborne Partners Capital Management LLC trimmed its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 90.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,605 shares of the construction company’s stock after selling 35,234 shares during the period. Osborne Partners Capital Management LLC’s holdings in Vulcan Materials were worth $982,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. NBT Bank N A NY purchased a new position in shares of Vulcan Materials in the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Vulcan Materials in the 3rd quarter valued at about $30,000. Birchwood Financial Partners Inc. purchased a new stake in Vulcan Materials during the 4th quarter valued at about $29,000. Godsey & Gibb Inc. purchased a new stake in Vulcan Materials during the 4th quarter valued at about $30,000. Finally, WPG Advisers LLC grew its position in Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after acquiring an additional 44 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Up 0.1%

Shares of NYSE:VMC opened at $303.45 on Friday. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a market cap of $39.38 billion, a PE ratio of 36.08, a P/E/G ratio of 2.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The stock’s 50-day moving average is $286.49 and its 200 day moving average is $290.89.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company posted $1.00 EPS. Vulcan Materials’s quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Vulcan Materials Company will post 9.27 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced 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 of this dividend was Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 24.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Royal Bank Of Canada dropped their price objective on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research note on Tuesday. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Morgan Stanley decreased their target price on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, 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 report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $326.54.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the company’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 transaction of $646,545.48. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

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.