Vulcan Materials Company $VMC Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC raised its stake in Vulcan Materials Company (NYSE:VMC) by 29.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 30,754 shares of the construction company’s stock after acquiring an additional 6,980 shares during the period. NewEdge Advisors LLC’s holdings in Vulcan Materials were worth $8,374,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Atria Investments Inc increased its stake in Vulcan Materials by 54.1% in the 4th quarter. Atria Investments Inc now owns 12,334 shares of the construction company’s stock worth $3,518,000 after purchasing an additional 4,331 shares in the last quarter. Westfield Capital Management Co. LP lifted its stake in Vulcan Materials by 7.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company’s stock valued at $72,459,000 after buying an additional 17,488 shares in the last quarter. North Dakota State Investment Board acquired a new position in shares of Vulcan Materials in the fourth quarter worth about $1,293,000. Myriad Asset Management Advisors LLC purchased a new position in shares of Vulcan Materials in the fourth quarter worth approximately $3,229,000. Finally, ABC Arbitrage SA purchased a new position in shares of Vulcan Materials in the fourth quarter worth approximately $5,821,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was 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 $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Price Performance

NYSE VMC opened at $284.59 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.76 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $36.88 billion, a PE ratio of 33.60, a price-to-earnings-growth ratio of 2.05 and a beta of 1.06. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The company has a 50 day moving average price of $289.57 and a two-hundred day moving average price of $289.01.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, July 29th. The construction company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.46 by $0.13. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. Vulcan Materials had a net margin of 13.75% and a return on equity of 13.05%. Vulcan Materials’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.42 EPS. As a group, equities analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is presently 24.56%.

Wall Street Analyst Weigh In

VMC has been the topic of a number of recent analyst reports. UBS Group cut their price target on shares of Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Oppenheimer began coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Stephens boosted their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a report on Sunday, July 12th. Finally, Barclays raised their target price on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $327.93.

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.