4,620 Shares in Vulcan Materials Company $VMC Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd purchased a new stake in Vulcan Materials Company (NYSE:VMC) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,620 shares of the construction company’s stock, valued at approximately $1,318,000.

A number of other institutional investors also recently modified their holdings of the company. Brighton Jones LLC acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $497,000. NewEdge Advisors LLC boosted its position in Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after acquiring an additional 163 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after acquiring an additional 190 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Vulcan Materials by 28.5% in the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Vulcan Materials by 31.5% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after purchasing an additional 80 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.62% of the stock is currently owned by company insiders.

Vulcan Materials Price Performance

NYSE:VMC opened at $280.07 on Monday. The stock has a market capitalization of $36.54 billion, a PE ratio of 34.49, a P/E/G ratio of 1.95 and a beta of 1.10. Vulcan Materials Company has a 1-year low of $218.87 and a 1-year high of $331.09. The firm has a fifty day simple moving average of $291.93 and a 200 day simple moving average of $294.11. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the company posted $2.17 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. On average, research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend was Monday, March 9th. Vulcan Materials’s dividend payout ratio (DPR) is presently 25.62%.

Analyst Upgrades and Downgrades

VMC has been the subject of several recent research reports. DA Davidson reduced their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Morgan Stanley boosted their price target on shares of Vulcan Materials from $321.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Monday, March 9th. Zacks Research downgraded shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 11th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $324.92.

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.