Vulcan Materials (NYSE:VMC) Shares Acquired by Desjardins Global Asset Management Inc.

Desjardins Global Asset Management Inc. lifted its stake in Vulcan Materials (NYSE:VMC) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,075 shares of the construction company’s stock after purchasing an additional 121 shares during the period. Desjardins Global Asset Management Inc.’s holdings in Vulcan Materials were worth $925,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. lifted its position in shares of Vulcan Materials by 1.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock worth $656,000 after purchasing an additional 51 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of Vulcan Materials by 2.3% during the 3rd quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock worth $467,000 after acquiring an additional 52 shares in the last quarter. Greenleaf Trust boosted its position in shares of Vulcan Materials by 2.7% during the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock worth $406,000 after acquiring an additional 52 shares in the last quarter. Stonegate Investment Group LLC increased its holdings in shares of 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 acquiring an additional 52 shares during the last quarter. Finally, CWM LLC raised its position in shares of Vulcan Materials by 2.4% during the 3rd quarter. CWM LLC now owns 2,269 shares of the construction company’s stock worth $458,000 after acquiring an additional 53 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

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 shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the sale, the senior vice president now directly owns 5,395 shares in the company, valued at $1,453,844.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the transaction, the director now owns 330 shares of the company’s stock, valued at $85,958.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction that occurred 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 completion of the sale, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The disclosure for this sale can be found here. In the last three months, insiders sold 13,017 shares of company stock worth $3,344,741. 0.62% of the stock is owned by corporate insiders.

Vulcan Materials Trading Down 0.1 %

Shares of VMC opened at $258.26 on Thursday. Vulcan Materials has a twelve month low of $166.43 and a twelve month high of $276.58. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $34.16 billion, a P/E ratio of 37.00, a PEG ratio of 1.88 and a beta of 0.83. The firm’s 50-day moving average is $262.80 and its two-hundred day moving average is $232.44.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.08 EPS. On average, research analysts predict that Vulcan Materials will post 8.43 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. Investors of record on Monday, March 4th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.71%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. Vulcan Materials’s dividend payout ratio is presently 26.36%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Truist Financial increased their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group boosted their price target on shares of Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Citigroup lifted their target price on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Morgan Stanley initiated coverage on Vulcan Materials in a research report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 target price for the company. Finally, Raymond James lifted their price target on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $268.85.

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.