911 Shares in Vulcan Materials (NYSE:VMC) Acquired by Marco Investment Management LLC

Marco Investment Management LLC purchased a new stake in shares of Vulcan Materials (NYSE:VMC) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 911 shares of the construction company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in VMC. AE Wealth Management LLC boosted its stake in Vulcan Materials by 5.3% during the 3rd quarter. AE Wealth Management LLC now owns 2,924 shares of the construction company’s stock valued at $591,000 after purchasing an additional 147 shares in the last quarter. Golden State Equity Partners boosted its stake in Vulcan Materials by 13.6% during the 3rd quarter. Golden State Equity Partners now owns 1,072 shares of the construction company’s stock valued at $217,000 after purchasing an additional 128 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in shares of Vulcan Materials by 1.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 35,095 shares of the construction company’s stock valued at $7,090,000 after acquiring an additional 500 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in shares of Vulcan Materials by 196.5% during the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,200 shares of the construction company’s stock valued at $5,091,000 after acquiring an additional 16,700 shares during the last quarter. Finally, Vicus Capital acquired a new stake in shares of Vulcan Materials during the 3rd quarter valued at $249,000. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on VMC shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $270.00 target price (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Raymond James increased their target price on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. The Goldman Sachs Group increased their target price on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Jefferies Financial Group upped their price target 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. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $273.00.

Vulcan Materials Trading Up 1.0 %

Shares of NYSE:VMC opened at $261.24 on Monday. The company has a market cap of $34.55 billion, a P/E ratio of 37.43, a P/E/G ratio of 1.89 and a beta of 0.83. The stock’s 50-day moving average is $264.85 and its 200-day moving average is $235.03. Vulcan Materials has a 52-week low of $166.54 and a 52-week high of $276.58. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business posted $1.08 earnings per share. Equities research analysts predict that Vulcan Materials will post 8.47 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.36%.

Insider Activity at Vulcan Materials

In related news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Randy L. Pigg sold 307 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the sale, the vice president now owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,017 shares of company stock worth $3,344,741. Company insiders own 0.61% 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.