Lindbrook Capital LLC Purchases 238 Shares of Vulcan Materials (NYSE:VMC)

Lindbrook Capital LLC grew its position in shares of Vulcan Materials (NYSE:VMC) by 87.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 510 shares of the construction company’s stock after buying an additional 238 shares during the quarter. Lindbrook Capital LLC’s holdings in Vulcan Materials were worth $116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Stratos Wealth Partners LTD. lifted its position in shares of Vulcan Materials by 1.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock worth $656,000 after buying an additional 51 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Vulcan Materials by 2.3% in the 3rd quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock worth $467,000 after purchasing an additional 52 shares during the period. Greenleaf Trust raised its holdings in shares of Vulcan Materials by 2.7% in the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock worth $406,000 after purchasing an additional 52 shares during the period. Stonegate Investment Group LLC raised its holdings in shares of Vulcan Materials by 0.3% in the 4th quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock worth $4,598,000 after purchasing an additional 52 shares during the period. Finally, CWM LLC raised its holdings in shares of Vulcan Materials by 2.4% in the 3rd quarter. CWM LLC now owns 2,269 shares of the construction company’s stock worth $458,000 after purchasing an additional 53 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Up 1.9 %

VMC opened at $259.27 on Wednesday. The company has a fifty day moving average price of $264.10 and a 200-day moving average price of $234.05. The firm has a market capitalization of $34.29 billion, a P/E ratio of 37.14, a price-to-earnings-growth ratio of 1.85 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. Vulcan Materials has a one year low of $166.43 and a one year high of $276.58.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.06. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.84 billion. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. Equities research analysts expect that Vulcan Materials will post 8.43 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a yield of 0.71%. Vulcan Materials’s payout ratio is 26.36%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on VMC shares. Jefferies Financial Group lifted their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Citigroup lifted their price objective on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Raymond James lifted their price objective on shares of Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada lifted their price objective on shares of Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 20th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $273.00.

Insider Buying and Selling

In related news, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the transaction, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the transaction, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the transaction, the vice president now owns 1,896 shares of the company’s stock, valued at $483,991.92. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,017 shares of company stock worth $3,344,741. Corporate insiders own 0.61% 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.