1,435 Shares in Vulcan Materials (NYSE:VMC) Bought by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. purchased a new stake in shares of Vulcan Materials (NYSE:VMC) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,435 shares of the construction company’s stock, valued at approximately $326,000.

A number of other hedge funds have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. boosted its stake in shares of Vulcan Materials by 1.6% during the third 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. Proficio Capital Partners LLC boosted its stake in shares of Vulcan Materials by 2.3% during the third quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock valued at $467,000 after purchasing an additional 52 shares in the last quarter. Greenleaf Trust boosted its stake in shares of Vulcan Materials by 2.7% during the third quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock valued at $406,000 after purchasing an additional 52 shares in the last quarter. Stonegate Investment Group LLC boosted its stake in shares of Vulcan Materials by 0.3% during the fourth quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock valued at $4,598,000 after purchasing an additional 52 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Vulcan Materials by 2.4% during the third quarter. CWM LLC now owns 2,269 shares of the construction company’s stock valued at $458,000 after purchasing an additional 53 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Vulcan Materials

In related news, SVP Denson N. Franklin III sold 3,200 shares of the business’s 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 completion of the transaction, the senior vice president now owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Denson N. Franklin III sold 3,200 shares of the company’s 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 transaction, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the transaction, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,017 shares of company stock worth $3,344,741. Company insiders own 0.61% of the company’s stock.

Vulcan Materials Price Performance

NYSE:VMC opened at $260.47 on Tuesday. The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The business’s 50-day simple moving average is $261.83 and its two-hundred day simple moving average is $231.86. The stock has a market cap of $34.45 billion, a PE ratio of 37.32, a P/E/G ratio of 1.92 and a beta of 0.83. Vulcan Materials has a 52 week low of $166.43 and a 52 week high of $276.58.

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

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were issued a $0.46 dividend. This is a positive change 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 0.71%. Vulcan Materials’s payout ratio is presently 26.36%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VMC. JPMorgan Chase & Co. restated a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Royal Bank of Canada raised their price objective on Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 20th. The Goldman Sachs Group raised their price objective on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Morgan Stanley initiated coverage on Vulcan Materials in a report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 target price for the company. Finally, Raymond James raised their price objective on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $268.85.

About Vulcan Materials

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.