Vulcan Materials (NYSE:VMC) Position Raised by Natixis Advisors L.P.

Natixis Advisors L.P. lifted its position in shares of Vulcan Materials (NYSE:VMC) by 4.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 100,202 shares of the construction company’s stock after acquiring an additional 4,258 shares during the period. Natixis Advisors L.P.’s holdings in Vulcan Materials were worth $22,746,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Exchange Traded Concepts LLC bought a new stake in shares of Vulcan Materials during the fourth quarter valued at approximately $28,000. Covestor Ltd boosted its position in Vulcan Materials by 273.4% during the 3rd quarter. Covestor Ltd now owns 295 shares of the construction company’s stock worth $60,000 after acquiring an additional 216 shares during the period. GAMMA Investing LLC bought a new stake in shares of Vulcan Materials during the fourth quarter valued at about $61,000. CVA Family Office LLC bought a new position in Vulcan Materials in the 4th quarter valued at about $62,000. Finally, MCF Advisors LLC lifted its stake in shares of Vulcan Materials by 22.4% in the 4th quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after acquiring an additional 54 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

NYSE:VMC opened at $264.44 on Monday. The firm has a market capitalization of $34.97 billion, a PE ratio of 38.60, a PEG ratio of 1.97 and a beta of 0.83. Vulcan Materials has a 1 year low of $187.20 and a 1 year high of $276.58. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The firm’s fifty day simple moving average is $265.53 and its 200 day simple moving average is $236.84.

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

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. Vulcan Materials’s payout ratio is 26.86%.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. restated a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Stephens lifted their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. The Goldman Sachs Group upped their target price on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Truist Financial boosted their price objective on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $277.08.

Insider Activity at Vulcan Materials

In other 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 stock was sold at an average price of $269.48, for a total transaction 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 SEC, which is accessible through the SEC website. In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the transaction, the insider now owns 29,311 shares in the company, valued at $7,376,992.48. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of the company’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 sale, the senior vice president now owns 5,395 shares in the company, valued at $1,453,844.60. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock worth $3,344,741 in the last ninety days. 0.61% of the stock is currently owned by insiders.

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.