Linscomb & Williams Inc. Decreases Stock Holdings in Vulcan Materials (NYSE:VMC)

Linscomb & Williams Inc. trimmed its position in shares of Vulcan Materials (NYSE:VMC) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,560 shares of the construction company’s stock after selling 191 shares during the quarter. Linscomb & Williams Inc.’s holdings in Vulcan Materials were worth $808,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its position in shares of Vulcan Materials by 47.4% during the third quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock valued at $909,794,000 after buying an additional 1,447,700 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Vulcan Materials by 1.5% during the fourth quarter. Principal Financial Group Inc. now owns 4,410,854 shares of the construction company’s stock valued at $1,001,308,000 after acquiring an additional 66,634 shares in the last quarter. FMR LLC increased its holdings in shares of Vulcan Materials by 6.8% during the third quarter. FMR LLC now owns 3,042,842 shares of the construction company’s stock valued at $614,715,000 after acquiring an additional 194,337 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Vulcan Materials by 2.2% during the third quarter. Northern Trust Corp now owns 2,481,652 shares of the construction company’s stock valued at $501,343,000 after acquiring an additional 54,450 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Vulcan Materials by 3.7% during the third quarter. Invesco Ltd. now owns 2,314,301 shares of the construction company’s stock valued at $467,535,000 after acquiring an additional 83,185 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

Shares of NYSE VMC traded up $2.04 during midday trading on Friday, reaching $259.25. 329,602 shares of the stock were exchanged, compared to its average volume of 780,301. The firm has a market cap of $34.29 billion, a price-to-earnings ratio of 37.85, a PEG ratio of 1.92 and a beta of 0.83. Vulcan Materials has a twelve month low of $190.51 and a twelve month high of $276.58. The firm has a 50-day simple moving average of $264.98 and a two-hundred day simple moving average of $243.18. The company has a quick ratio of 1.81, a current ratio of 2.74 and a debt-to-equity ratio of 0.44.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. Vulcan Materials’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.95 EPS. As a group, analysts anticipate that Vulcan Materials will post 8.54 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Analysts Set New Price Targets

VMC has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and set a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Citigroup upped their price objective on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a report on Friday, April 5th. Jefferies Financial Group increased 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. The Goldman Sachs Group increased their price target on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Truist Financial increased their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.08.

Insider Activity

In other 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 approximately $85,958.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Vulcan Materials news, President Thompson S. Baker II sold 6,610 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $272.64, for a total value of $1,802,150.40. Following the transaction, the president now owns 4,784 shares in the company, valued at approximately $1,304,309.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Melissa H. Anderson sold 1,200 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the transaction, the director now owns 330 shares in the company, valued at approximately $85,958.40. The disclosure for this sale can be found here. Insiders have sold 19,610 shares of company stock worth $5,324,432 in the last quarter. Corporate insiders own 0.62% of the company’s stock.

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.