Mirabella Financial Services LLP Buys 2,838 Shares of Vulcan Materials Company $VMC

Mirabella Financial Services LLP increased its stake in Vulcan Materials Company (NYSE:VMC) by 14.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,037 shares of the construction company’s stock after acquiring an additional 2,838 shares during the quarter. Mirabella Financial Services LLP’s holdings in Vulcan Materials were worth $6,949,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VMC. Allworth Financial LP increased its position in Vulcan Materials by 13.9% during the 3rd quarter. Allworth Financial LP now owns 827 shares of the construction company’s stock valued at $254,000 after purchasing an additional 101 shares during the period. IFP Advisors Inc raised its holdings in Vulcan Materials by 30.5% during the 3rd quarter. IFP Advisors Inc now owns 1,328 shares of the construction company’s stock worth $414,000 after purchasing an additional 310 shares during the last quarter. Swiss Life Asset Management Ltd lifted its position in shares of Vulcan Materials by 67.8% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock worth $4,405,000 after purchasing an additional 5,787 shares during the period. Trust Investment Advisors boosted its stake in shares of Vulcan Materials by 1.1% in the 3rd quarter. Trust Investment Advisors now owns 6,057 shares of the construction company’s stock valued at $1,863,000 after purchasing an additional 66 shares during the last quarter. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Vulcan Materials by 7.3% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 3,366 shares of the construction company’s stock valued at $1,035,000 after purchasing an additional 230 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Down 2.9%

Vulcan Materials stock opened at $257.77 on Thursday. The company has a market capitalization of $33.66 billion, a PE ratio of 31.74, a PEG ratio of 1.85 and a beta of 1.05. Vulcan Materials Company has a 12-month low of $218.87 and a 12-month high of $331.09. The firm’s fifty day moving average is $300.33 and its 200 day moving average is $296.22. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51.

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

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a $0.52 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.08 annualized dividend and a dividend 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%.

Insider Activity at Vulcan Materials

In related news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of analyst reports. Citigroup lifted their target price on shares of Vulcan Materials from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Wells Fargo & Company decreased their price target on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Finally, Zacks Research lowered Vulcan Materials from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 11th. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.29.

Vulcan Materials Profile

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.