Bokf Na Boosts Holdings in Vulcan Materials (NYSE:VMC)

Bokf Na raised its stake in shares of Vulcan Materials (NYSE:VMC) by 22.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,474 shares of the construction company’s stock after purchasing an additional 1,548 shares during the period. Bokf Na’s holdings in Vulcan Materials were worth $2,285,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. SG Americas Securities LLC increased its position in Vulcan Materials by 15.5% during the fourth quarter. SG Americas Securities LLC now owns 5,308 shares of the construction company’s stock worth $1,205,000 after purchasing an additional 713 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Vulcan Materials by 49.5% during the fourth quarter. Pacer Advisors Inc. now owns 12,616 shares of the construction company’s stock valued at $2,864,000 after acquiring an additional 4,176 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Vulcan Materials by 13.1% during the fourth quarter. Global Retirement Partners LLC now owns 1,393 shares of the construction company’s stock valued at $310,000 after acquiring an additional 161 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Vulcan Materials by 19.3% during the fourth quarter. Fifth Third Bancorp now owns 3,879 shares of the construction company’s stock valued at $881,000 after acquiring an additional 627 shares during the last quarter. Finally, Osborne Partners Capital Management LLC increased its position in shares of Vulcan Materials by 1.1% during the fourth quarter. Osborne Partners Capital Management LLC now owns 43,833 shares of the construction company’s stock valued at $9,950,000 after acquiring an additional 475 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Up 3.1 %

Shares of NYSE:VMC traded up $7.94 during trading on Friday, hitting $261.71. 673,485 shares of the company were exchanged, compared to its average volume of 686,519. The stock has a market capitalization of $34.61 billion, a P/E ratio of 38.21, a PEG ratio of 2.18 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $276.58. The firm’s 50 day moving average price is $252.03 and its 200-day moving average price is $253.69.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. On average, research analysts predict that Vulcan Materials will post 8.32 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be given a $0.46 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 0.70%. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VMC. Truist Financial lifted their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Loop Capital dropped their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Jefferies Financial Group lifted their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Citigroup dropped their price objective on shares of Vulcan Materials from $322.00 to $297.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Royal Bank of Canada lifted their price objective on shares of Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $277.08.

Insider Activity at Vulcan Materials

In related news, President Thompson S. Baker II sold 6,610 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $272.64, for a total value of $1,802,150.40. Following the completion of the sale, the president now owns 4,784 shares in the company, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, President Thompson S. Baker II sold 6,610 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $272.64, for a total value of $1,802,150.40. Following the completion of the sale, the president now owns 4,784 shares in the company, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP David P. Clement sold 1,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the sale, the senior vice president now owns 1,660 shares of the company’s stock, valued at approximately $414,170. The disclosure for this sale can be found here. Insiders sold a total of 17,210 shares of company stock worth $4,653,520 in the last 90 days. 0.62% of the stock is owned by insiders.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.