Private Wealth Partners LLC Invests $1.09 Million in Vulcan Materials Company $VMC

Private Wealth Partners LLC purchased a new stake in Vulcan Materials Company (NYSE:VMC) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,000 shares of the construction company’s stock, valued at approximately $1,089,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Lone Pine Capital LLC purchased a new stake in Vulcan Materials during the third quarter worth about $425,938,000. Norges Bank purchased a new position in Vulcan Materials in the fourth quarter valued at about $383,613,000. Egerton Capital UK LLP acquired a new stake in shares of Vulcan Materials during the 4th quarter valued at approximately $273,861,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Vulcan Materials by 121.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 717,409 shares of the construction company’s stock worth $204,619,000 after acquiring an additional 393,339 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Vulcan Materials by 993.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock worth $113,126,000 after acquiring an additional 360,368 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares in the company, valued at $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Performance

NYSE:VMC opened at $303.45 on Friday. 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 firm 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 firm has a 50 day simple moving average of $286.49 and a 200-day simple moving average of $290.89. 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, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.Vulcan Materials’s revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.00 EPS. On average, equities analysts expect that Vulcan Materials Company will post 9.27 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 24.73%.

Analyst Upgrades and Downgrades

VMC has been the subject of several research reports. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a report on Thursday, April 30th. Royal Bank Of Canada cut their price target on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research note on Tuesday. Barclays boosted their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Stephens upped their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $326.54.

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.