899 Shares in Vulcan Materials (NYSE:VMC) Bought by Vicus Capital

Vicus Capital bought a new position in Vulcan Materials (NYSE:VMC) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 899 shares of the construction company’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Independent Advisor Alliance lifted its position in Vulcan Materials by 1.2% in the fourth quarter. Independent Advisor Alliance now owns 6,411 shares of the construction company’s stock worth $1,455,000 after purchasing an additional 73 shares during the period. Strs Ohio raised its stake in Vulcan Materials by 6.3% during the fourth quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock worth $16,822,000 after acquiring an additional 4,412 shares in the last quarter. Nordea Investment Management AB raised its stake in Vulcan Materials by 50.6% during the fourth quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company’s stock worth $7,384,000 after acquiring an additional 10,991 shares in the last quarter. California State Teachers Retirement System raised its stake in Vulcan Materials by 4.2% during the fourth quarter. California State Teachers Retirement System now owns 229,757 shares of the construction company’s stock worth $52,157,000 after acquiring an additional 9,193 shares in the last quarter. Finally, Federated Hermes Inc. raised its stake in Vulcan Materials by 53.6% during the fourth quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock worth $18,460,000 after acquiring an additional 28,369 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on VMC shares. Truist Financial increased their price objective on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada increased their price objective on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Stephens increased their price objective on 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 target price on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Five investment 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 company has an average rating of “Moderate Buy” and a consensus target price of $277.08.

Insider Buying and Selling

In related news, President Thompson S. Baker II sold 8,600 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the transaction, the president now directly owns 1,300 shares of the company’s stock, valued at approximately $354,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Thompson S. Baker II sold 8,600 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the transaction, the president now directly owns 1,300 shares of the company’s stock, valued at approximately $354,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $249.50, for a total value of $249,500.00. Following the transaction, the senior vice president now directly owns 1,660 shares in the company, valued at $414,170. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,210 shares of company stock valued at $4,653,520. 0.62% of the stock is owned by insiders.

Vulcan Materials Price Performance

Shares of VMC opened at $248.68 on Friday. The stock has a market cap of $32.89 billion, a P/E ratio of 36.30, a price-to-earnings-growth ratio of 1.86 and a beta of 0.84. Vulcan Materials has a 1 year low of $190.51 and a 1 year high of $276.58. The stock’s 50-day moving average price is $256.82 and its two-hundred day moving average price is $249.82. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). The company 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%. The firm’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. On average, equities analysts predict that Vulcan Materials will post 8.51 earnings per share for the current year.

Vulcan Materials Announces Dividend

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

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.