Keebeck Wealth Management Sells 2,129 Shares of Vulcan Materials Company $VMC

Keebeck Wealth Management lowered its stake in shares of Vulcan Materials Company (NYSE:VMC) by 30.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,975 shares of the construction company’s stock after selling 2,129 shares during the quarter. Keebeck Wealth Management’s holdings in Vulcan Materials were worth $1,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VMC. Chesapeake Capital Corp IL raised its stake in Vulcan Materials by 0.9% in the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after acquiring an additional 33 shares during the period. Composition Wealth LLC boosted its stake in Vulcan Materials by 3.5% during the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after buying an additional 34 shares during the period. Capital Investment Advisors LLC boosted its position in shares of Vulcan Materials by 5.5% during the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after acquiring an additional 38 shares during the last quarter. Truist Financial Corp lifted its position in Vulcan Materials by 0.3% during the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after purchasing an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC lifted its holdings in shares of Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Royal Bank Of Canada lowered their price target on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 30th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings restated a “buy (b-)” rating on shares of Vulcan Materials in a research note on Tuesday, July 7th. Finally, Oppenheimer started coverage on Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating on the stock. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.79.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Trading Up 1.9%

Shares of NYSE:VMC opened at $280.20 on Friday. The stock’s 50-day simple moving average is $286.78 and its two-hundred day simple moving average is $290.59. The stock has a market capitalization of $36.36 billion, a price-to-earnings ratio of 33.32, a PEG ratio of 1.98 and a beta of 1.05. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion during 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%.Vulcan Materials’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. Analysts expect that Vulcan Materials Company will post 9.3 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is presently 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.