Thrivent Financial for Lutherans Buys 23,302 Shares of Vulcan Materials Company $VMC

by · The Markets Daily

Thrivent Financial for Lutherans grew its stake in shares of Vulcan Materials Company (NYSE:VMCFree Report) by 100.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,396 shares of the construction company’s stock after purchasing an additional 23,302 shares during the period. Thrivent Financial for Lutherans’ holdings in Vulcan Materials were worth $12,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Unified Investment Management raised its stake in Vulcan Materials by 1.7% during the 2nd quarter. Unified Investment Management now owns 2,259 shares of the construction company’s stock worth $589,000 after buying an additional 38 shares during the period. Rosenberg Matthew Hamilton raised its position in shares of Vulcan Materials by 6.2% during the second quarter. Rosenberg Matthew Hamilton now owns 648 shares of the construction company’s stock worth $169,000 after purchasing an additional 38 shares during the period. Chemistry Wealth Management LLC lifted its holdings in shares of Vulcan Materials by 3.0% in the 2nd quarter. Chemistry Wealth Management LLC now owns 1,343 shares of the construction company’s stock worth $350,000 after purchasing an additional 39 shares in the last quarter. Bollard Group LLC grew its position in Vulcan Materials by 5.3% in the 2nd quarter. Bollard Group LLC now owns 819 shares of the construction company’s stock valued at $214,000 after purchasing an additional 41 shares during the period. Finally, ORG Partners LLC increased its stake in Vulcan Materials by 86.3% during the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after purchasing an additional 44 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Down 2.2%

Shares of VMC stock opened at $285.63 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. The company has a market capitalization of $37.74 billion, a price-to-earnings ratio of 33.92, a PEG ratio of 2.39 and a beta of 1.06. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $311.74. The company has a 50-day simple moving average of $292.66 and a two-hundred day simple moving average of $284.48.

Vulcan Materials (NYSE:VMCGet Free Report) last announced its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The company’s revenue was up 14.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.22 EPS. Research analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 25th. Shareholders of record on Monday, November 10th were given a $0.49 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 23.28%.

Analyst Ratings Changes

A number of research analysts have weighed in on VMC shares. Stifel Nicolaus set a $327.00 price objective on shares of Vulcan Materials in a research note on Monday, November 3rd. Raymond James Financial raised their price target on shares of Vulcan Materials from $295.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 21st. JPMorgan Chase & Co. boosted their price objective on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Tuesday, October 21st. Wells Fargo & Company raised Vulcan Materials to a “hold” rating in a research note on Wednesday, October 8th. Finally, Royal Bank Of Canada cut their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating on the stock in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus target price of $317.58.

View Our Latest Stock Report on Vulcan Materials

Insider Buying and Selling at Vulcan Materials

In related news, SVP Denson N. Franklin III sold 665 shares of the business’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total value of $196,175.00. Following the transaction, the senior vice president directly owned 8,284 shares of the company’s stock, valued at approximately $2,443,780. The trade was a 7.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the transaction, the senior vice president owned 832 shares of the company’s stock, valued at approximately $240,073.60. The trade was a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 20,471 shares of company stock worth $6,054,615 in the last quarter. 0.62% of the stock is currently owned by company insiders.

About Vulcan Materials

(Free Report)

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.

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