Level Four Advisory Services LLC Purchases New Stake in Vulcan Materials Company $VMC

Level Four Advisory Services LLC purchased a new stake in Vulcan Materials Company (NYSE:VMC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,090 shares of the construction company’s stock, valued at approximately $643,000.

A number of other institutional investors have also recently bought and sold shares of VMC. National Pension Service boosted its holdings in shares of Vulcan Materials by 0.8% in the 2nd quarter. National Pension Service now owns 175,458 shares of the construction company’s stock valued at $45,763,000 after buying an additional 1,455 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Vulcan Materials by 5.8% during the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock worth $2,345,703,000 after purchasing an additional 414,828 shares during the last quarter. JPMorgan Chase & Co. increased its position in Vulcan Materials by 12.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,824,987 shares of the construction company’s stock worth $2,040,914,000 after buying an additional 857,210 shares during the period. Commonwealth Equity Services LLC increased its position in Vulcan Materials by 104.3% during the third quarter. Commonwealth Equity Services LLC now owns 72,113 shares of the construction company’s stock worth $22,183,000 after acquiring an additional 36,823 shares during the period. Finally, American Century Companies Inc. increased its holdings in shares of Vulcan Materials by 19.3% during the second quarter. American Century Companies Inc. now owns 256,789 shares of the construction company’s stock worth $66,976,000 after purchasing an additional 41,504 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 4.5%

VMC stock opened at $274.42 on Friday. The stock has a 50-day simple moving average of $304.36 and a two-hundred day simple moving average of $297.52. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $35.83 billion, a PE ratio of 33.80, a PEG ratio of 2.11 and a beta of 1.05. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $331.09.

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

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be paid a $0.52 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend is Monday, March 9th. Vulcan Materials’s payout ratio is presently 24.14%.

Insider Buying and Selling at Vulcan Materials

In other news, President Thompson S. Baker II sold 7,135 shares of the business’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $300.81, for a total value of $2,146,279.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Denson N. Franklin III sold 665 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total value of $196,175.00. Following the sale, the senior vice president owned 8,284 shares of the company’s stock, valued at $2,443,780. This represents a 7.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 8,937 shares of company stock worth $2,687,784 over the last three months. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

VMC has been the subject of several analyst reports. Citigroup boosted their target price on shares of Vulcan Materials from $345.00 to $365.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. B. Riley Financial began coverage on Vulcan Materials in a research note on Thursday, January 15th. They set a “buy” rating and a $345.00 price target on the stock. Truist Financial lifted their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Morgan Stanley set a $320.00 price objective on Vulcan Materials in a research note on Wednesday. Finally, Wells Fargo & Company cut their price target on shares of Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.14.

Vulcan Materials Company 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.