Azzad Asset Management Inc. ADV Sells 104 Shares of Vulcan Materials (NYSE:VMC)

Azzad Asset Management Inc. ADV reduced its stake in shares of Vulcan Materials (NYSE:VMC) by 2.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,578 shares of the construction company’s stock after selling 104 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in Vulcan Materials were worth $1,249,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Contravisory Investment Management Inc. grew its position in shares of Vulcan Materials by 1.6% during the 1st quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock worth $704,000 after buying an additional 40 shares during the period. Commerce Bank grew its position in shares of Vulcan Materials by 1.0% during the 4th quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock worth $1,008,000 after buying an additional 43 shares during the period. Brighton Jones LLC grew its position in shares of Vulcan Materials by 2.4% during the 4th quarter. Brighton Jones LLC now owns 1,916 shares of the construction company’s stock worth $435,000 after buying an additional 45 shares during the period. Stonegate Investment Group LLC grew its position in shares of Vulcan Materials by 0.3% during the 4th quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock worth $4,598,000 after buying an additional 52 shares during the period. Finally, MCF Advisors LLC grew its position in shares of Vulcan Materials by 22.4% during the 4th quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after buying an additional 54 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMC has been the subject of several research analyst reports. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Truist Financial boosted their price objective on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Stephens boosted their price objective on Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Finally, Jefferies Financial Group boosted their price objective on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $277.08.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 6,610 shares of the company’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 directly owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, President Thompson S. Baker II sold 8,600 shares of the stock in a transaction 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 sale, 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 SEC, which is accessible through the SEC website. Also, President Thompson S. Baker II sold 6,610 shares of the 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 sale, the president now directly owns 4,784 shares in the company, valued at $1,304,309.76. The disclosure for this sale can be found here. Insiders have sold a total of 17,210 shares of company stock valued at $4,653,520 in the last ninety days. 0.61% of the stock is currently owned by corporate insiders.

Vulcan Materials Stock Performance

VMC traded down $1.55 during trading hours on Wednesday, reaching $243.52. The company’s stock had a trading volume of 134,746 shares, compared to its average volume of 769,299. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $276.58. The company’s 50-day moving average is $256.32 and its 200-day moving average is $250.28. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74. The firm has a market cap of $32.21 billion, a PE ratio of 35.55, a price-to-earnings-growth ratio of 1.86 and a beta of 0.82.

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 analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company posted $0.95 EPS. The firm’s revenue was down 6.2% on a year-over-year basis. On average, equities analysts forecast that Vulcan Materials will post 8.51 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio is 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.