Vulcan Materials (NYSE:VMC) Shares Acquired by Keybank National Association OH

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Keybank National Association OH increased its stake in Vulcan Materials (NYSE:VMC) by 22.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,820 shares of the construction company’s stock after buying an additional 2,319 shares during the quarter. Keybank National Association OH’s holdings in Vulcan Materials were worth $1,760,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Patten & Patten Inc. TN grew its stake in shares of Vulcan Materials by 0.9% in the second quarter. Patten & Patten Inc. TN now owns 8,579 shares of the construction company’s stock valued at $1,178,000 after buying an additional 75 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Vulcan Materials by 0.6% in the second quarter. Oregon Public Employees Retirement Fund now owns 13,757 shares of the construction company’s stock valued at $1,889,000 after purchasing an additional 82 shares during the last quarter. World Asset Management Inc boosted its holdings in Vulcan Materials by 1.0% in the second quarter. World Asset Management Inc now owns 9,209 shares of the construction company’s stock valued at $1,264,000 after purchasing an additional 90 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in Vulcan Materials by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the construction company’s stock valued at $829,000 after purchasing an additional 100 shares during the last quarter. Finally, Hartford Investment Management Co. boosted its holdings in Vulcan Materials by 0.7% in the second quarter. Hartford Investment Management Co. now owns 14,467 shares of the construction company’s stock valued at $1,986,000 after purchasing an additional 101 shares during the last quarter. Institutional investors and hedge funds own 95.84% of the company’s stock.

VMC has been the subject of a number of analyst reports. ValuEngine downgraded Vulcan Materials from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Longbow Research increased their price target on Vulcan Materials from $145.00 to $153.00 and gave the company a “buy” rating in a report on Friday, July 26th. SunTrust Banks increased their price target on Vulcan Materials to $145.00 and gave the company a “buy” rating in a report on Monday, July 29th. Barclays reissued a “buy” rating and issued a $140.00 price target on shares of Vulcan Materials in a report on Monday, July 15th. Finally, Stifel Nicolaus increased their price target on Vulcan Materials from $135.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $135.44.

In other Vulcan Materials news, insider Michael R. Mills sold 1,326 shares of the stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $136.05, for a total transaction of $180,402.30. Following the transaction, the insider now owns 51,713 shares of the company’s stock, valued at approximately $7,035,553.65. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stanley G. Bass sold 6,207 shares of the stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $135.80, for a total value of $842,910.60. Following the transaction, the insider now directly owns 53,813 shares in the company, valued at approximately $7,307,805.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,287 shares of company stock worth $1,260,033. 0.79% of the stock is currently owned by company insiders.

NYSE:VMC opened at $141.73 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.89 and a debt-to-equity ratio of 0.59. The business’s 50 day moving average is $137.72 and its two-hundred day moving average is $125.11. Vulcan Materials has a 52 week low of $82.52 and a 52 week high of $142.04. The company has a market cap of $18.41 billion, a PE ratio of 35.00, a P/E/G ratio of 1.64 and a beta of 0.93.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, July 25th. The construction company reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. Vulcan Materials had a return on equity of 11.07% and a net margin of 12.12%. The company had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter last year, the business posted $1.23 EPS. Vulcan Materials’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts expect that Vulcan Materials will post 4.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Wednesday, August 21st will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Tuesday, August 20th. Vulcan Materials’s dividend payout ratio is presently 30.62%.

Vulcan Materials Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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