GSG Advisors LLC Makes New $991,000 Investment in Vulcan Materials Company $VMC

GSG Advisors LLC acquired a new position in Vulcan Materials Company (NYSE:VMC) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,359 shares of the construction company’s stock, valued at approximately $991,000.

Several other institutional investors have also recently modified their holdings of VMC. Atria Investments Inc lifted its position in shares of Vulcan Materials by 54.1% in the 4th quarter. Atria Investments Inc now owns 12,334 shares of the construction company’s stock worth $3,518,000 after purchasing an additional 4,331 shares during the period. SCS Capital Management LLC purchased a new position in shares of Vulcan Materials during the second quarter valued at about $19,628,000. BlackRock Inc. purchased a new position in shares of Vulcan Materials during the second quarter valued at about $2,868,444,000. Westfield Capital Management Co. LP raised its stake in Vulcan Materials by 7.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company’s stock worth $72,459,000 after buying an additional 17,488 shares in the last quarter. Finally, Myriad Asset Management Advisors LLC purchased a new stake in Vulcan Materials in the fourth quarter worth about $3,229,000. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on VMC. Royal Bank Of Canada lifted their price objective on Vulcan Materials from $293.00 to $300.00 and gave the company a “sector perform” rating in a research report on Thursday, July 30th. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Barclays raised their target price on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Oppenheimer started coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Finally, UBS Group reduced their price target on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research note on Wednesday, July 8th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.93.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $275.48 on Monday. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. 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 business has a fifty day moving average price of $289.19 and a 200-day moving average price of $287.48. The company has a market capitalization of $35.70 billion, a PE ratio of 32.52, a PEG ratio of 1.99 and a beta of 1.06.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.46 by $0.13. The firm 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%.Vulcan Materials’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.42 EPS. As a group, equities analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

Insider Transactions at Vulcan Materials

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

Vulcan Materials 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.