Vulcan Materials (NYSE:VMC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its position in Vulcan Materials (NYSE:VMC) by 17,706.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,899 shares of the construction company’s stock after purchasing an additional 47,630 shares during the period. International Assets Investment Management LLC’s holdings in Vulcan Materials were worth $10,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. raised its holdings in Vulcan Materials by 1.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock worth $656,000 after purchasing an additional 51 shares during the period. Greenleaf Trust grew its stake in Vulcan Materials by 2.7% in the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock valued at $406,000 after acquiring an additional 52 shares during the period. Stonegate Investment Group LLC increased its holdings in 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 acquiring an additional 52 shares in the last quarter. Signaturefd LLC raised its position in Vulcan Materials by 3.7% during the third quarter. Signaturefd LLC now owns 1,498 shares of the construction company’s stock worth $303,000 after acquiring an additional 54 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Vulcan Materials by 6.6% during the third quarter. B. Riley Wealth Advisors Inc. now owns 1,035 shares of the construction company’s stock valued at $209,000 after purchasing an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $264.44 on Monday. Vulcan Materials has a one year low of $187.20 and a one year high of $276.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.74. The firm’s 50 day moving average price is $265.53 and its 200-day moving average price is $236.84. The firm has a market cap of $34.98 billion, a P/E ratio of 38.60, a P/E/G ratio of 1.98 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, equities research analysts predict that Vulcan Materials will post 8.5 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Insiders Place Their Bets

In related news, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were 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 in the company, valued at $483,991.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock worth $3,344,741 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VMC shares. Stephens raised their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Jefferies Financial Group upped their target price 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. Morgan Stanley began coverage on shares of Vulcan Materials in a research note on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price target on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $277.08.

Vulcan Materials Company Profile

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.