Vicus Capital Purchases New Holdings in Vulcan Materials (NYSE:VMC)

Vicus Capital purchased a new stake in shares of Vulcan Materials (NYSE:VMC) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 899 shares of the construction company’s stock, valued at approximately $245,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Register Financial Advisors LLC purchased a new stake in Vulcan Materials in the first quarter worth $27,000. Opal Wealth Advisors LLC purchased a new stake in Vulcan Materials in the first quarter worth $33,000. Exchange Traded Concepts LLC purchased a new stake in Vulcan Materials in the fourth quarter worth $28,000. Private Wealth Management Group LLC purchased a new stake in Vulcan Materials in the fourth quarter worth $45,000. Finally, Trust Co. of Vermont increased its position in Vulcan Materials by 144.0% in the fourth quarter. Trust Co. of Vermont now owns 244 shares of the construction company’s stock worth $55,000 after buying an additional 144 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on VMC. Royal Bank of Canada raised their target price on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Truist Financial lifted their price target on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Stephens lifted their price target on Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $277.08.

Vulcan Materials Price Performance

NYSE:VMC opened at $248.68 on Friday. The firm has a market capitalization of $32.89 billion, a price-to-earnings ratio of 36.30, a P/E/G ratio of 1.86 and a beta of 0.84. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $276.58. The stock has a fifty day moving average of $256.82 and a 200 day moving average of $249.82. 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 (NYSE:VMC) last posted its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Vulcan Materials’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 EPS. On average, research analysts expect that Vulcan Materials will post 8.51 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the sale, the senior vice president now owns 2,660 shares of the company’s stock, valued at $676,970. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the sale, the senior vice president now owns 2,660 shares of the company’s stock, valued at $676,970. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Thompson S. Baker II sold 8,600 shares of Vulcan Materials stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $272.95, for a total value of $2,347,370.00. Following the sale, the president now directly owns 1,300 shares of the company’s stock, valued at approximately $354,835. The disclosure for this sale can be found here. Insiders sold a total of 17,210 shares of company stock valued at $4,653,520 over the last 90 days. Insiders own 0.62% 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.