Vulcan Materials Company $VMC Stake Boosted by NewEdge Advisors LLC

NewEdge Advisors LLC boosted its holdings in Vulcan Materials Company (NYSE:VMC) by 29.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,754 shares of the construction company’s stock after purchasing an additional 6,980 shares during the quarter. NewEdge Advisors LLC’s holdings in Vulcan Materials were worth $8,374,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of VMC. NBT Bank N A NY bought a new stake in shares of Vulcan Materials during the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new position in Vulcan Materials in the third quarter worth about $30,000. Birchwood Financial Partners Inc. bought a new position in Vulcan Materials in the fourth quarter worth about $29,000. Meeder Asset Management Inc. boosted its stake in Vulcan Materials by 71.7% in the first quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock valued at $28,000 after acquiring an additional 43 shares during the period. Finally, Godsey & Gibb Inc. acquired a new position in Vulcan Materials in the fourth quarter valued at approximately $30,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.65% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VMC shares. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Royal Bank Of Canada upped their price objective on Vulcan Materials from $293.00 to $300.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 30th. Barclays increased 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. Finally, Oppenheimer initiated coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating for the company. Eight research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.93.

Vulcan Materials Stock Performance

VMC opened at $284.59 on Monday. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average is $289.57 and its 200-day moving average is $289.01. The stock has a market cap 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 twelve month low of $252.35 and a twelve month high of $331.09.

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

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s payout ratio is currently 24.56%.

Vulcan Materials 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.