Hsbc Holdings PLC Grows Stock Holdings in Vulcan Materials Company $VMC

Hsbc Holdings PLC boosted its stake in shares of Vulcan Materials Company (NYSE:VMC) by 2.2% during the fourth quarter, Holdings Channel reports. The firm owned 223,520 shares of the construction company’s stock after purchasing an additional 4,847 shares during the quarter. Hsbc Holdings PLC’s holdings in Vulcan Materials were worth $63,842,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. NBT Bank N A NY bought a new stake in Vulcan Materials in the 4th quarter worth approximately $26,000. Birchwood Financial Partners Inc. bought a new position in shares of Vulcan Materials during the 4th quarter valued at $29,000. Godsey & Gibb Inc. purchased a new position in shares of Vulcan Materials in the 4th quarter worth $30,000. Measured Wealth Private Client Group LLC purchased a new position in shares of Vulcan Materials in the 3rd quarter worth $30,000. Finally, WPG Advisers LLC grew its holdings in shares of Vulcan Materials by 56.4% in the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE VMC opened at $303.45 on Monday. The company has a market capitalization of $39.38 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The business’s fifty day moving average is $286.49 and its 200 day moving average is $290.85. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.Vulcan Materials’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.00 earnings per share. Sell-side analysts predict that Vulcan Materials Company will post 9.27 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.52 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is 24.73%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.65% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on VMC. Barclays upped their price objective on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Morgan Stanley reduced their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Stephens raised their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Hold” and a consensus target price of $326.54.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.