Vulcan Materials (NYSE:VMC) Holdings Lessened by Seneca House Advisors

Seneca House Advisors decreased its position in shares of Vulcan Materials (NYSE:VMC) by 8.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 34,482 shares of the construction company’s stock after selling 3,046 shares during the quarter. Vulcan Materials makes up approximately 4.1% of Seneca House Advisors’ portfolio, making the stock its 4th largest holding. Seneca House Advisors’ holdings in Vulcan Materials were worth $9,411,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Vulcan Materials by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 15,249,701 shares of the construction company’s stock valued at $3,461,835,000 after purchasing an additional 105,230 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Vulcan Materials by 47.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock valued at $909,794,000 after acquiring an additional 1,447,700 shares during the period. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 1.5% during the 4th 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 during the period. Morgan Stanley lifted its position in shares of Vulcan Materials by 4.4% during the 3rd quarter. Morgan Stanley now owns 1,330,004 shares of the construction company’s stock valued at $268,688,000 after acquiring an additional 55,992 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Vulcan Materials by 7.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,256,372 shares of the construction company’s stock valued at $285,200,000 after acquiring an additional 83,337 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.4 %

VMC stock traded up $0.92 during midday trading on Friday, hitting $248.68. The stock had a trading volume of 988,674 shares, compared to its average volume of 750,945. The firm has a market cap of $32.89 billion, a PE ratio of 36.30, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $276.58. The company’s 50-day moving average price is $256.82 and its 200 day moving average price is $250.00.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 earnings per share. On average, equities research analysts predict that Vulcan Materials will post 8.51 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on VMC. Wolfe Research downgraded shares of 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 shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Stephens raised their price objective on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Jefferies Financial Group raised their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research note 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $277.08.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the sale, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at approximately $414,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the sale, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at approximately $414,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thompson S. Baker II sold 6,610 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the sale, the president now directly owns 4,784 shares of the company’s stock, valued at $1,304,309.76. The disclosure for this sale can be found here. In the last three months, insiders sold 17,210 shares of company stock valued at $4,653,520. Company 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.