Navigate Wealth Management LLC Purchases Shares of 2,202 Vulcan Materials Company $VMC

Navigate Wealth Management LLC acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,202 shares of the construction company’s stock, valued at approximately $640,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new stake in Vulcan Materials in the 1st quarter valued at about $164,000. Citizens Financial Group Inc. RI bought a new position in Vulcan Materials in the first quarter worth approximately $242,000. Fifth Third Bancorp boosted its holdings in Vulcan Materials by 513.6% in the first quarter. Fifth Third Bancorp now owns 26,482 shares of the construction company’s stock worth $7,211,000 after acquiring an additional 22,166 shares in the last quarter. Hsbc Holdings PLC grew its stake in Vulcan Materials by 31.1% in the first quarter. Hsbc Holdings PLC now owns 293,084 shares of the construction company’s stock valued at $79,516,000 after acquiring an additional 69,564 shares during the period. Finally, Griffin Asset Management Inc. increased its holdings in shares of Vulcan Materials by 1.5% during the first quarter. Griffin Asset Management Inc. now owns 6,846 shares of the construction company’s stock valued at $1,864,000 after acquiring an additional 103 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares in the company, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.65% of the stock is owned by insiders.

Vulcan Materials Trading Up 0.1%

Shares of Vulcan Materials stock opened at $295.50 on Monday. The company has a market capitalization 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. The stock has a fifty day simple moving average of $286.70 and a 200 day simple moving average of $291.03. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the business earned $1.00 EPS. On average, sell-side analysts anticipate that Vulcan Materials Company will post 9.27 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Morgan Stanley cut their target price on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Oppenheimer initiated coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They set a “market perform” rating for the company. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a report on Thursday, April 30th. Royal Bank Of Canada dropped their price objective on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating on the stock in a research note 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 investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.79.

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.