Vulcan Materials (NYSE:VMC) Shares Purchased by Vestor Capital LLC

Vestor Capital LLC lifted its holdings in shares of Vulcan Materials (NYSE:VMC) by 3.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 46,472 shares of the construction company’s stock after purchasing an additional 1,450 shares during the quarter. Vestor Capital LLC’s holdings in Vulcan Materials were worth $10,550,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VMC. Brighton Jones LLC grew its holdings in shares of Vulcan Materials by 2.4% during the fourth quarter. Brighton Jones LLC now owns 1,916 shares of the construction company’s stock worth $435,000 after purchasing an additional 45 shares during the last quarter. Stratos Wealth Partners LTD. lifted its holdings in Vulcan Materials by 1.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock valued at $656,000 after purchasing an additional 51 shares in the last quarter. Greenleaf Trust boosted its position in Vulcan Materials by 2.7% during the third quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock worth $406,000 after acquiring an additional 52 shares during the last quarter. Stonegate Investment Group LLC grew its holdings in Vulcan Materials by 0.3% in the 4th quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock valued at $4,598,000 after buying an additional 52 shares during the period. Finally, Signaturefd LLC raised its stake in Vulcan Materials by 3.7% during the third quarter. Signaturefd LLC now owns 1,498 shares of the construction company’s stock worth $303,000 after purchasing an additional 54 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on VMC shares. Citigroup lifted their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Royal Bank of Canada increased their target price on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Stephens upped their price objective on shares of Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Jefferies Financial Group boosted their price target on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus target price of $277.08.

Vulcan Materials Price Performance

Shares of VMC traded up $1.21 during mid-day trading on Friday, hitting $271.90. 517,114 shares of the company traded hands, compared to its average volume of 716,684. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The business has a 50-day moving average of $265.94 and a 200 day moving average of $238.20. Vulcan Materials has a one year low of $190.51 and a one year high of $276.58. The stock has a market capitalization of $35.96 billion, a price-to-earnings ratio of 39.69, a PEG ratio of 1.99 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its 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 during the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. As a group, equities analysts expect that Vulcan Materials will post 8.52 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.68%. Vulcan Materials’s payout ratio is presently 26.86%.

Insider Transactions at Vulcan Materials

In other news, VP Randy L. Pigg sold 307 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the transaction, the vice president now directly owns 1,896 shares in the company, valued at approximately $483,991.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the sale, the vice president now directly owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $260.48, for a total value of $312,576.00. Following the transaction, the director now directly owns 330 shares in the company, valued at approximately $85,958.40. 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 three months. Company insiders own 0.61% of the company’s stock.

Vulcan Materials Company 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.