Wellington Management Group LLP Purchases 2,994 Shares of Vulcan Materials Company $VMC

Wellington Management Group LLP lifted its holdings in Vulcan Materials Company (NYSE:VMC) by 89.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,333 shares of the construction company’s stock after buying an additional 2,994 shares during the period. Wellington Management Group LLP’s holdings in Vulcan Materials were worth $1,868,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of VMC. BlackRock Inc. bought a new position in shares of Vulcan Materials during the 2nd quarter valued at approximately $2,868,444,000. Geode Capital Management LLC raised its holdings in shares of Vulcan Materials by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 3,576,172 shares of the construction company’s stock worth $1,016,168,000 after purchasing an additional 32,012 shares during the period. Bank of America Corp DE purchased a new position in Vulcan Materials in the second quarter valued at approximately $688,580,000. Morgan Stanley lifted its stake in Vulcan Materials by 7.9% in the fourth quarter. Morgan Stanley now owns 1,727,232 shares of the construction company’s stock valued at $492,642,000 after purchasing an additional 126,523 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in Vulcan Materials during the second quarter valued at $451,119,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VMC shares. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada raised their target price on Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Wells Fargo & Company cut Vulcan Materials from an “equal weight” rating to an “underweight” rating and decreased their price target for the company from $305.00 to $254.00 in a research report on Wednesday. UBS Group cut their price objective on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research report on Wednesday, July 8th. Finally, Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $325.00.

Insider Transactions at Vulcan Materials

In related 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 transaction 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 $2,547,599.64. This trade represents a 20.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director J. Hill sold 14,000 shares of Vulcan Materials stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the transaction, the director owned 58,209 shares of the company’s stock, valued at $16,075,579.53. The trade was a 19.39% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 18,212 shares of company stock valued at $5,083,125. 0.65% of the stock is owned by insiders.

Vulcan Materials Stock Up 0.4%

Shares of NYSE VMC opened at $250.95 on Friday. Vulcan Materials Company has a one year low of $246.20 and a one 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 firm’s 50 day simple moving average is $278.83 and its two-hundred day simple moving average is $282.48. The stock has a market capitalization of $32.52 billion, a P/E ratio of 29.63, a PEG ratio of 2.25 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results 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 business had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.42 earnings per share. As a group, analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th were given a dividend of $0.52 per share. The ex-dividend date was 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%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE:VMC) is a major U.S. producer and supplier of construction materials. The company’s primary business is aggregates, including crushed stone, sand and gravel, which are used in roads, bridges, buildings and other infrastructure projects.

Vulcan also produces and distributes asphalt and ready-mixed concrete, as well as calcium products used in construction, industrial and other applications. Its products are sold to public-sector customers, contractors, commercial developers and other businesses involved in construction and infrastructure development.

Founded in 1909 and headquartered in Birmingham, Alabama, Vulcan Materials has expanded through organic growth and acquisitions to operate production facilities, distribution terminals and related assets across much of the United States.