Home Federal Bank of Tennessee Continues to Hold Stake in Vulcan Materials Company (VMC)

Home Federal Bank of Tennessee continued to hold its stake in Vulcan Materials Company (NYSE:VMC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,669 shares of the construction company’s stock at the end of the second quarter. Home Federal Bank of Tennessee’s holdings in Vulcan Materials were worth $718,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. Gilder Gagnon Howe & Co. LLC acquired a new stake in Vulcan Materials during the first quarter valued at about $105,000. NN Investment Partners Holdings N.V. raised its stake in Vulcan Materials by 25.2% in the second quarter. NN Investment Partners Holdings N.V. now owns 994 shares of the construction company’s stock valued at $126,000 after buying an additional 200 shares in the last quarter. Alexandria Capital LLC raised its stake in Vulcan Materials by 32.3% in the first quarter. Alexandria Capital LLC now owns 1,230 shares of the construction company’s stock valued at $148,000 after buying an additional 300 shares in the last quarter. NEXT Financial Group Inc raised its stake in Vulcan Materials by 405.7% in the first quarter. NEXT Financial Group Inc now owns 1,497 shares of the construction company’s stock valued at $181,000 after buying an additional 1,201 shares in the last quarter. Finally, Creative Planning raised its stake in Vulcan Materials by 16.2% in the second quarter. Creative Planning now owns 1,765 shares of the construction company’s stock valued at $224,000 after buying an additional 246 shares in the last quarter. 85.60% of the stock is owned by institutional investors.

Shares of Vulcan Materials Company (VMC) opened at 114.20 on Friday. The stock has a market cap of $15.11 billion, a P/E ratio of 36.77 and a beta of 0.93. The firm’s 50-day moving average price is $124.82 and its 200-day moving average price is $123.74. Vulcan Materials Company has a 52-week low of $105.71 and a 52-week high of $138.18.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, August 2nd. The construction company reported $0.90 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by $0.32. Vulcan Materials had a return on equity of 8.72% and a net margin of 11.28%. The firm had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period last year, the company earned $0.90 earnings per share. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts predict that Vulcan Materials Company will post $3.46 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Wednesday, August 23rd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Monday, August 21st. Vulcan Materials’s dividend payout ratio (DPR) is currently 32.36%.

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Several research firms recently issued reports on VMC. Zacks Investment Research raised Vulcan Materials from a “hold” rating to a “buy” rating and set a $145.00 price objective for the company in a research note on Tuesday, June 20th. BidaskClub lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Stephens upgraded Vulcan Materials from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $140.00 to $145.00 in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and set a $154.00 price target on shares of Vulcan Materials in a research report on Monday, June 19th. Finally, Argus raised their price target on Vulcan Materials from $140.00 to $145.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $139.67.

In related news, insider Stanley G. Bass sold 4,413 shares of the stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $132.00, for a total value of $582,516.00. Following the sale, the insider now directly owns 21,939 shares of the company’s stock, valued at approximately $2,895,948. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ejaz A. Khan sold 2,024 shares of the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $125.30, for a total transaction of $253,607.20. The disclosure for this sale can be found here. Insiders sold a total of 6,743 shares of company stock worth $876,515 over the last three months. 0.89% of the stock is currently owned by corporate insiders.

About Vulcan Materials

Vulcan Materials Company is a supplier of construction aggregates (primarily crushed stone, sand and gravel) and a producer of asphalt mix and ready-mixed concrete. The Company operates through four segments: Aggregates, Asphalt Mix, Concrete and Calcium. The Aggregates segment produces and sells aggregates (crushed stone, sand and gravel, sand, and other aggregates) and related products and services (transportation and other).

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

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