2,749 Shares in Vulcan Materials Company $VMC Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,749 shares of the construction company’s stock, valued at approximately $748,000.

A number of other institutional investors have also added to or reduced their stakes in the company. NBT Bank N A NY bought a new stake in Vulcan Materials in the fourth quarter valued at about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials during the third quarter valued at approximately $30,000. Birchwood Financial Partners Inc. acquired a new stake in Vulcan Materials during the fourth quarter valued at approximately $29,000. Godsey & Gibb Inc. bought a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $30,000. Finally, WPG Advisers LLC raised its holdings in shares of Vulcan Materials by 56.4% in the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after buying an additional 44 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Berenberg Bank set a $283.00 price target on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Wells Fargo & Company boosted their price target on shares of Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their target price on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $326.92.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. The trade was a 20.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $311.37 on Monday. The stock has a 50-day simple moving average of $285.54 and a 200 day simple moving average of $290.70. The stock has a market capitalization of $40.40 billion, a price-to-earnings ratio of 37.02, a P/E/G ratio of 2.25 and a beta of 1.05. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09.

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

Vulcan Materials Announces Dividend

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

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.