1,343 Shares in Vulcan Materials (NYSE:VMC) Purchased by Keel Point LLC

Keel Point LLC acquired a new position in Vulcan Materials (NYSE:VMC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,343 shares of the construction company’s stock, valued at approximately $305,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. American Century Companies Inc. lifted its position in shares of Vulcan Materials by 10.4% during the first quarter. American Century Companies Inc. now owns 7,180 shares of the construction company’s stock worth $1,319,000 after purchasing an additional 676 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in Vulcan Materials by 2.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,685 shares of the construction company’s stock worth $861,000 after buying an additional 110 shares in the last quarter. Private Advisor Group LLC boosted its position in Vulcan Materials by 32.2% in the 1st quarter. Private Advisor Group LLC now owns 2,451 shares of the construction company’s stock valued at $450,000 after buying an additional 597 shares during the last quarter. Yousif Capital Management LLC increased its stake in shares of Vulcan Materials by 0.9% in the 1st quarter. Yousif Capital Management LLC now owns 19,808 shares of the construction company’s stock valued at $3,639,000 after buying an additional 175 shares during the period. Finally, Prudential PLC acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at $470,000. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In related news, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction 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 transaction, the vice president now owns 1,896 shares of the company’s stock, valued at $483,991.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the transaction, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The disclosure for this sale can be found here. Insiders have sold a total of 13,017 shares of company stock valued at $3,344,741 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VMC has been the topic of several recent research reports. Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Royal Bank of Canada boosted their price target on shares of Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 20th. Raymond James increased their price target on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Citigroup upped their price target on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $268.85.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $258.57 on Wednesday. The company has a fifty day moving average price of $262.37 and a 200 day moving average price of $232.26. Vulcan Materials has a 1-year low of $166.43 and a 1-year high of $276.58. The firm has a market cap of $34.20 billion, a PE ratio of 37.04, a PEG ratio of 1.90 and a beta of 0.83. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The business had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same period last year, the company earned $1.08 earnings per share. Vulcan Materials’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts predict that Vulcan Materials will post 8.38 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. Vulcan Materials’s dividend payout ratio (DPR) is 26.36%.

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.