Vulcan Materials Company $VMC Shares Acquired by Silvant Capital Management LLC

Silvant Capital Management LLC increased its stake in Vulcan Materials Company (NYSE:VMC) by 3.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,315 shares of the construction company’s stock after acquiring an additional 3,568 shares during the period. Vulcan Materials makes up about 1.2% of Silvant Capital Management LLC’s holdings, making the stock its 18th largest holding. Silvant Capital Management LLC’s holdings in Vulcan Materials were worth $33,935,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMC. Westside Investment Management Inc. increased its holdings in Vulcan Materials by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after purchasing an additional 42 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at about $29,000. Measured Wealth Private Client Group LLC acquired a new position in shares of Vulcan Materials during the third quarter worth about $30,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Vulcan Materials during the third quarter worth about $42,000. Finally, Bayforest Capital Ltd purchased a new stake in shares of Vulcan Materials during the third quarter worth approximately $46,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $265.58 on Wednesday. The company’s fifty day moving average price is $301.02 and its 200 day moving average price is $296.49. Vulcan Materials Company has a 12 month low of $218.87 and a 12 month high of $331.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.69 and a quick ratio of 1.97. The firm has a market capitalization of $34.68 billion, a P/E ratio of 32.71, a P/E/G ratio of 1.86 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.41). The company had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The business’s revenue was up 3.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.17 EPS. As a group, sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s dividend payout ratio (DPR) is 25.62%.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of recent research reports. Wall Street Zen downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Citigroup lifted their price objective on shares of Vulcan Materials from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Zacks Research downgraded shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.29.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of Vulcan Materials stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by corporate insiders.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.