255 Shares in Vulcan Materials (NYSE:VMC) Acquired by Avalon Trust Co

Avalon Trust Co acquired a new stake in Vulcan Materials (NYSE:VMC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 255 shares of the construction company’s stock, valued at approximately $58,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in VMC. Strs Ohio boosted its position in Vulcan Materials by 6.3% during the 4th quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock valued at $16,822,000 after buying an additional 4,412 shares during the period. Nordea Investment Management AB raised its stake in shares of Vulcan Materials by 50.6% during the fourth quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company’s stock valued at $7,384,000 after acquiring an additional 10,991 shares during the last quarter. Federated Hermes Inc. boosted its holdings in shares of Vulcan Materials by 53.6% during the fourth quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock worth $18,460,000 after purchasing an additional 28,369 shares during the period. International Assets Investment Management LLC boosted its holdings in shares of Vulcan Materials by 17,706.3% during the fourth quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock worth $10,874,000 after purchasing an additional 47,630 shares during the period. Finally, Smith Salley & Associates bought a new stake in shares of Vulcan Materials in the fourth quarter worth about $3,185,000. Institutional investors own 90.39% of the company’s stock.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the sale, the senior vice president now directly owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now directly owns 1,896 shares in the company, valued at $483,991.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the transaction, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. Insiders sold 13,017 shares of company stock valued at $3,344,741 over the last 90 days. Corporate insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Up 0.0 %

Shares of VMC traded up $0.03 during mid-day trading on Friday, reaching $264.44. The company had a trading volume of 809,401 shares, compared to its average volume of 699,108. The firm has a 50-day moving average price of $265.53 and a 200 day moving average price of $236.84. The company has a market capitalization of $34.98 billion, a price-to-earnings ratio of 38.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83. Vulcan Materials has a 52 week low of $187.20 and a 52 week high of $276.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.74.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. Vulcan Materials’s revenue was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, sell-side analysts forecast that Vulcan Materials will post 8.5 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a dividend of $0.46 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Raymond James lifted their price objective on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Citigroup boosted their price objective on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 target price (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Finally, Royal Bank of Canada increased their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $277.08.

Vulcan Materials Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.