3,752 Shares in Vulcan Materials Company $VMC Purchased by ClearAlpha Technologies LP

ClearAlpha Technologies LP acquired a new position in Vulcan Materials Company (NYSE:VMC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,752 shares of the construction company’s stock, valued at approximately $1,070,000. Vulcan Materials accounts for approximately 3.1% of ClearAlpha Technologies LP’s investment portfolio, making the stock its 6th biggest holding.

Other institutional investors have also bought and sold shares of the company. NBT Bank N A NY bought a new stake in Vulcan Materials in the fourth quarter worth about $26,000. Measured Wealth Private Client Group LLC bought a new stake in Vulcan Materials in the third quarter worth about $30,000. Godsey & Gibb Inc. bought a new stake in Vulcan Materials in the fourth quarter worth about $30,000. WPG Advisers LLC raised its position in Vulcan Materials by 56.4% in the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after acquiring an additional 44 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in Vulcan Materials in the fourth quarter worth about $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on VMC shares. Royal Bank Of Canada boosted their price target on shares of Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Stephens boosted their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Finally, Citigroup dropped their price target on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of “Hold” and an average target price of $326.92.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is owned by corporate insiders.

Vulcan Materials Price Performance

Shares of VMC opened at $294.34 on Thursday. The company has a market capitalization of $38.19 billion, a price-to-earnings ratio of 35.00, a P/E/G ratio of 2.17 and a beta of 1.05. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The business’s 50-day moving average is $283.56 and its 200-day moving average is $290.08.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Equities research analysts expect that Vulcan Materials Company will post 9.28 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Vulcan Materials Company Profile

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.