Vulcan Materials Company $VMC Shares Bought by Atria Investments Inc

Atria Investments Inc raised its holdings in Vulcan Materials Company (NYSE:VMC) by 54.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,334 shares of the construction company’s stock after acquiring an additional 4,331 shares during the quarter. Atria Investments Inc’s holdings in Vulcan Materials were worth $3,518,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Catalyst Financial Partners LLC lifted its holdings in Vulcan Materials by 17.1% in the fourth quarter. Catalyst Financial Partners LLC now owns 1,041 shares of the construction company’s stock valued at $297,000 after acquiring an additional 152 shares during the period. Oregon Public Employees Retirement Fund increased its position in Vulcan Materials by 0.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 15,127 shares of the construction company’s stock worth $4,315,000 after purchasing an additional 41 shares in the last quarter. Stonebridge Financial Group LLC MO purchased a new stake in Vulcan Materials during the 4th quarter worth about $254,000. Versor Investments LP purchased a new stake in Vulcan Materials during the 4th quarter worth about $257,000. Finally, ABC Arbitrage SA purchased a new stake in Vulcan Materials during the 4th quarter worth about $5,821,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Morgan Stanley reduced their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research report on Thursday, April 30th. Finally, Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Seven investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $330.58.

Vulcan Materials Stock Performance

VMC stock opened at $267.92 on Monday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market cap of $34.76 billion, a P/E ratio of 31.86, a P/E/G ratio of 1.94 and a beta of 1.09. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09. The stock’s 50 day simple moving average is $280.06 and its 200 day simple moving average is $292.00.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 EPS. As a group, equities research analysts predict that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Insider Buying and Selling

In related news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is currently owned by insiders.

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.