Vulcan Materials (NYSE:VMC) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc grew its stake in Vulcan Materials (NYSE:VMC) by 26.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 267 shares of the construction company’s stock after purchasing an additional 56 shares during the quarter. Versant Capital Management Inc’s holdings in Vulcan Materials were worth $66,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of VMC. Capital World Investors acquired a new stake in shares of Vulcan Materials in the first quarter valued at about $388,027,000. Norges Bank acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at about $282,528,000. Vanguard Group Inc. lifted its stake in shares of Vulcan Materials by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock worth $4,368,273,000 after buying an additional 755,991 shares in the last quarter. Point72 Asset Management L.P. lifted its stake in shares of Vulcan Materials by 271.0% in the fourth quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock worth $186,861,000 after buying an additional 601,268 shares in the last quarter. Finally, Nordea Investment Management AB lifted its stake in shares of Vulcan Materials by 621.1% in the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock worth $64,581,000 after buying an additional 203,166 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Down 4.4 %

Shares of Vulcan Materials stock traded down $11.29 on Tuesday, reaching $246.14. The company had a trading volume of 2,191,802 shares, compared to its average volume of 791,719. The firm’s 50 day moving average price is $252.93 and its two-hundred day moving average price is $255.73. The firm has a market cap of $32.55 billion, a PE ratio of 35.98, a PEG ratio of 2.22 and a beta of 0.82. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, August 15th. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VMC. Royal Bank of Canada raised their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Citigroup decreased their price target on shares of Vulcan Materials from $322.00 to $297.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Jefferies Financial Group raised their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Stephens raised their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, Loop Capital decreased their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.08.

Insider Activity

In other news, President Thompson S. Baker II sold 6,610 shares of the business’s stock in a transaction that occurred 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 sale, the president now directly owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, President Thompson S. Baker II sold 8,600 shares of Vulcan Materials stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the completion of the transaction, the president now owns 1,300 shares in the company, valued at $354,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the transaction, the president now owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,210 shares of company stock valued at $4,653,520. Company insiders own 0.62% of the company’s stock.

About Vulcan Materials

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.