Vulcan Materials Company $VMC is Seneca House Advisors’ 10th Largest Position

Seneca House Advisors lessened its position in shares of Vulcan Materials Company (NYSE:VMC) by 13.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,647 shares of the construction company’s stock after selling 3,539 shares during the period. Vulcan Materials makes up about 2.6% of Seneca House Advisors’ holdings, making the stock its 10th biggest position. Seneca House Advisors’ holdings in Vulcan Materials were worth $6,439,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of VMC. Brighton Jones LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $497,000. NewEdge Advisors LLC grew its stake in Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after acquiring an additional 163 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Vulcan Materials by 6.3% in the first quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after purchasing an additional 190 shares during the last quarter. Focus Partners Wealth grew its holdings in Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after buying an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after acquiring an additional 80 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Up 2.3%

Shares of Vulcan Materials stock traded up $6.77 during trading hours on Friday, hitting $295.50. The company had a trading volume of 1,492,960 shares, compared to its average volume of 1,127,913. The company’s 50-day moving average is $286.70 and its two-hundred day moving average is $291.03. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The company has a market cap of $38.34 billion, a P/E ratio of 35.14, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 earnings per share. Analysts anticipate that Vulcan Materials Company will post 9.27 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.52 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

Wall Street Analyst Weigh In

A number of research firms have commented on VMC. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research report on Thursday, April 30th. Citigroup decreased their target price on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday. Royal Bank Of Canada dropped their price target on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 30th. Finally, Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.79.

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.