Vulcan Materials Company $VMC Shares Sold by Flaharty Asset Management LLC

Flaharty Asset Management LLC cut its stake in Vulcan Materials Company (NYSE:VMC) by 71.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,292 shares of the construction company’s stock after selling 3,280 shares during the quarter. Flaharty Asset Management LLC’s holdings in Vulcan Materials were worth $392,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Beacon Bank & Trust acquired a new position in shares of Vulcan Materials during the second quarter valued at approximately $211,000. Castle Rock Wealth Management LLC lifted its position in shares of Vulcan Materials by 6.1% in the second quarter. Castle Rock Wealth Management LLC now owns 4,555 shares of the construction company’s stock valued at $1,344,000 after acquiring an additional 261 shares in the last quarter. Czech National Bank boosted its stake in shares of Vulcan Materials by 2.6% in the second quarter. Czech National Bank now owns 36,933 shares of the construction company’s stock worth $10,896,000 after acquiring an additional 948 shares during the last quarter. PensionDanmark Pensionsforsikringsaktieselskab boosted its stake in shares of Vulcan Materials by 6.5% in the second quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 12,060 shares of the construction company’s stock worth $3,558,000 after acquiring an additional 740 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Vulcan Materials by 13.9% in the second quarter. GAMMA Investing LLC now owns 3,611 shares of the construction company’s stock worth $1,065,000 after acquiring an additional 442 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 1.1%

Shares of NYSE VMC opened at $284.59 on Friday. The company has a market capitalization of $36.88 billion, a P/E ratio of 33.60, a P/E/G ratio of 2.03 and a beta of 1.06. 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 company has a 50 day simple moving average of $289.57 and a 200-day simple moving average of $289.13. 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 data on Wednesday, July 29th. The construction company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.46 by $0.13. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.42 earnings per share. 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 declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is 24.56%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. UBS Group reduced their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. Royal Bank Of Canada lifted 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. Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a research report on Tuesday, July 7th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a report on Wednesday, July 15th. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $327.93.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the stock in a transaction 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 directly owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

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.