Signaturefd LLC Has $369,000 Position in Vulcan Materials (NYSE:VMC)

Signaturefd LLC grew its position in Vulcan Materials (NYSE:VMC) by 8.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,627 shares of the construction company’s stock after buying an additional 129 shares during the quarter. Signaturefd LLC’s holdings in Vulcan Materials were worth $369,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $28,000. Covestor Ltd raised its position in shares of Vulcan Materials by 273.4% in the 3rd quarter. Covestor Ltd now owns 295 shares of the construction company’s stock valued at $60,000 after buying an additional 216 shares in the last quarter. CVA Family Office LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $62,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Vulcan Materials by 48.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the construction company’s stock valued at $74,000 after buying an additional 107 shares in the last quarter. Finally, Lindbrook Capital LLC raised its position in shares of Vulcan Materials by 87.5% in the 4th quarter. Lindbrook Capital LLC now owns 510 shares of the construction company’s stock valued at $116,000 after buying an additional 238 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently commented on VMC shares. Citigroup boosted their target price on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Royal Bank of Canada upped their price objective on shares of Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 20th. Raymond James upped their price objective on shares of Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Wolfe Research cut shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Finally, Truist Financial upped their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $273.00.

Insider Activity

In other 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 sale, the insider now directly owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other 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 sale, the insider now directly owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now directly owns 5,395 shares in the company, valued at $1,453,844.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,017 shares of company stock valued at $3,344,741. 0.62% of the stock is currently owned by insiders.

Vulcan Materials Trading Up 0.8 %

Shares of NYSE VMC opened at $258.54 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17. Vulcan Materials has a 52-week low of $166.43 and a 52-week high of $276.58. The firm has a 50 day moving average price of $264.73 and a two-hundred day moving average price of $234.37. The stock has a market cap of $34.20 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 1.86 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, beating analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period in the prior year, the firm posted $1.08 EPS. The company’s quarterly revenue was up 5.9% on a year-over-year basis. As a group, equities analysts forecast that Vulcan Materials will post 8.43 EPS for the current year.

Vulcan Materials Increases Dividend

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

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.