Vulcan Materials (NYSE:VMC) Position Raised by Independent Advisor Alliance

Independent Advisor Alliance raised its stake in Vulcan Materials (NYSE:VMCFree Report) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,411 shares of the construction company’s stock after buying an additional 73 shares during the quarter. Independent Advisor Alliance’s holdings in Vulcan Materials were worth $1,455,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new stake in shares of Vulcan Materials during the fourth quarter valued at about $45,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Vulcan Materials during the fourth quarter valued at about $59,000. Panagora Asset Management Inc. raised its stake in shares of Vulcan Materials by 1,045.7% during the fourth quarter. Panagora Asset Management Inc. now owns 96,937 shares of the construction company’s stock valued at $22,006,000 after purchasing an additional 88,476 shares in the last quarter. Beacon Pointe Advisors LLC bought a new stake in shares of Vulcan Materials during the fourth quarter valued at about $272,000. Finally, Quadrant Capital Group LLC raised its stake in shares of Vulcan Materials by 4.8% during the fourth quarter. Quadrant Capital Group LLC now owns 1,629 shares of the construction company’s stock valued at $370,000 after purchasing an additional 75 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $260.48, for a total transaction of $312,576.00. Following the transaction, the director now owns 330 shares in the company, valued at $85,958.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of Vulcan Materials stock in a transaction on Friday, May 10th. The shares were sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the sale, the president now owns 1,300 shares in the company, valued at $354,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $260.48, for a total transaction of $312,576.00. Following the sale, the director now owns 330 shares in the company, valued at approximately $85,958.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,227 shares of company stock valued at $7,494,261. Corporate insiders own 0.61% of the company’s stock.

Vulcan Materials Trading Down 0.3 %

Shares of NYSE VMC opened at $259.10 on Monday. The stock has a market cap of $34.27 billion, a price-to-earnings ratio of 37.82, a PEG ratio of 1.94 and a beta of 0.83. The business has a 50 day simple moving average of $265.82 and a 200 day simple moving average of $241.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $276.58.

Vulcan Materials (NYSE:VMCGet Free Report) last released its quarterly earnings results 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). The business had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. On average, research analysts predict that Vulcan Materials will post 8.51 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VMC. Wolfe Research cut shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Royal Bank of Canada boosted their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Citigroup boosted their price target on shares of Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Jefferies Financial Group boosted their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 price target (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $277.08.

View Our Latest Analysis on VMC

About Vulcan Materials

(Free Report)

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.

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

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