National Bank of Canada FI Has $11.60 Million Position in Vulcan Materials (NYSE:VMC)

National Bank of Canada FI reduced its stake in shares of Vulcan Materials (NYSE:VMC) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,879 shares of the construction company’s stock after selling 16,300 shares during the quarter. National Bank of Canada FI’s holdings in Vulcan Materials were worth $11,601,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC grew its holdings in shares of Vulcan Materials by 2.4% during the fourth quarter. Brighton Jones LLC now owns 1,916 shares of the construction company’s stock worth $435,000 after purchasing an additional 45 shares during the last quarter. Greenleaf Trust grew its holdings 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 worth $406,000 after purchasing an additional 52 shares during the last quarter. Stonegate Investment Group LLC grew its holdings 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 worth $4,598,000 after purchasing an additional 52 shares during the last quarter. Signaturefd LLC grew its holdings in shares of Vulcan Materials by 3.7% during the third quarter. Signaturefd LLC now owns 1,498 shares of the construction company’s stock worth $303,000 after purchasing an additional 54 shares during the last quarter. Finally, MCF Advisors LLC grew its holdings in shares of Vulcan Materials by 22.4% during the fourth quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after purchasing an additional 54 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. The Goldman Sachs Group increased their target price on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Jefferies Financial Group raised their price target on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Finally, Raymond James raised their price target on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $277.08.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was 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 directly owns 1,896 shares in the company, valued at $483,991.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction that occurred 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 completion of the transaction, the vice president now directly owns 1,896 shares in the company, valued at approximately $483,991.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $862,336.00. Following the transaction, the senior vice president now 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 quarter, insiders have sold 13,017 shares of company stock valued at $3,344,741. 0.61% of the stock is owned by insiders.

Vulcan Materials Trading Down 0.2 %

NYSE VMC opened at $267.93 on Thursday. The firm has a market cap of $35.43 billion, a P/E ratio of 39.11, a P/E/G ratio of 1.97 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. The stock’s 50-day moving average is $265.74 and its 200-day moving average is $237.76. Vulcan Materials has a one year low of $190.51 and a one year high of $276.58.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 EPS. Sell-side analysts anticipate that Vulcan Materials will post 8.5 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Friday, March 1st. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.86%.

Vulcan Materials 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.