US Bancorp DE Raises Position in Vulcan Materials (NYSE:VMC)

US Bancorp DE lifted its stake in Vulcan Materials (NYSE:VMCGet Rating) by 26.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,012 shares of the construction company’s stock after purchasing an additional 2,762 shares during the period. US Bancorp DE’s holdings in Vulcan Materials were worth $2,391,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VMC. Key Financial Inc purchased a new stake in Vulcan Materials in the 1st quarter worth approximately $26,000. Bank of New Hampshire bought a new position in shares of Vulcan Materials in the first quarter worth approximately $38,000. Allworth Financial LP raised its position in shares of Vulcan Materials by 84.9% during the 1st quarter. Allworth Financial LP now owns 257 shares of the construction company’s stock valued at $47,000 after purchasing an additional 118 shares during the period. MCF Advisors LLC bought a new stake in shares of Vulcan Materials during the 1st quarter valued at $52,000. Finally, UMB Bank N A MO purchased a new position in shares of Vulcan Materials during the 4th quarter valued at $58,000. 90.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on VMC. Truist Financial decreased their price target on Vulcan Materials to $200.00 in a report on Tuesday, July 5th. Wolfe Research cut their price objective on shares of Vulcan Materials from $211.00 to $194.00 and set an “outperform” rating for the company in a report on Thursday, July 14th. The Goldman Sachs Group reduced their price objective on shares of Vulcan Materials from $215.00 to $189.00 and set a “neutral” rating on the stock in a research report on Thursday, June 23rd. Morgan Stanley dropped their target price on shares of Vulcan Materials from $203.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Finally, DA Davidson lifted their price target on shares of Vulcan Materials to $205.00 in a report on Tuesday, August 9th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $211.06.

Insider Activity

In related news, SVP David P. Clement sold 3,377 shares of Vulcan Materials stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $165.23, for a total transaction of $557,981.71. Following the completion of the transaction, the senior vice president now directly owns 3,970 shares of the company’s stock, valued at approximately $655,963.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.57% of the company’s stock.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $164.95 on Friday. The stock has a market cap of $21.92 billion, a price-to-earnings ratio of 37.03, a price-to-earnings-growth ratio of 2.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.34 and a current ratio of 1.85. The stock has a 50 day moving average price of $159.93 and a 200-day moving average price of $168.12. Vulcan Materials has a one year low of $137.54 and a one year high of $213.65.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Shareholders of record on Wednesday, August 17th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Tuesday, August 16th. Vulcan Materials’s dividend payout ratio (DPR) is 36.04%.

About Vulcan Materials

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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 Aggregates segment 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.

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

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