Montag A & Associates Inc. Increases Holdings in Vulcan Materials Company $VMC

Montag A & Associates Inc. raised its position in Vulcan Materials Company (NYSE:VMC) by 11.2% during the 1st quarter, Holdings Channel reports. The firm owned 21,159 shares of the construction company’s stock after acquiring an additional 2,123 shares during the quarter. Montag A & Associates Inc.’s holdings in Vulcan Materials were worth $5,762,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. NBT Bank N A NY acquired a new position in Vulcan Materials during the fourth quarter worth about $26,000. Birchwood Financial Partners Inc. purchased a new position in shares of Vulcan Materials during the 4th quarter worth approximately $29,000. Godsey & Gibb Inc. acquired a new position in shares of Vulcan Materials during the 4th quarter worth approximately $30,000. Measured Wealth Private Client Group LLC purchased a new stake in Vulcan Materials in the 3rd quarter valued at approximately $30,000. Finally, WPG Advisers LLC lifted its stake in Vulcan Materials by 56.4% in the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Barclays boosted their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Oppenheimer assumed coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Stephens boosted their price target on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research note on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $326.54.

Vulcan Materials Trading Down 1.6%

VMC stock opened at $300.01 on Wednesday. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The company has a market cap of $38.93 billion, a price-to-earnings ratio of 35.67, a PEG ratio of 2.20 and a beta of 1.05. The business has a fifty day simple moving average of $286.88 and a 200-day simple moving average of $291.04. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share. On average, equities research analysts expect that Vulcan Materials Company will post 9.27 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s dividend payout ratio is 24.73%.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. The trade was a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.65% of the company’s stock.

About Vulcan Materials

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.