Vulcan Materials (NYSE:VMC) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its position in Vulcan Materials (NYSE:VMC) by 2.8% in the first quarter, Holdings Channel reports. The firm owned 7,044 shares of the construction company’s stock after acquiring an additional 193 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Vulcan Materials were worth $1,923,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Ballentine Partners LLC acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at about $225,000. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at about $33,000. Contravisory Investment Management Inc. boosted its position in shares of Vulcan Materials by 1.6% in the 1st quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock valued at $704,000 after purchasing an additional 40 shares during the period. Gulf International Bank UK Ltd boosted its position in shares of Vulcan Materials by 0.6% in the 1st quarter. Gulf International Bank UK Ltd now owns 10,974 shares of the construction company’s stock valued at $2,995,000 after purchasing an additional 69 shares during the period. Finally, Sunflower Bank N.A. acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at about $201,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the stock in a transaction on Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the sale, the president now owns 1,300 shares in the company, valued at approximately $354,835. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the sale, the president now owns 1,300 shares in the company, valued at $354,835. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David P. Clement sold 1,000 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total value of $254,500.00. Following the sale, the senior vice president now owns 2,660 shares in the company, valued at approximately $676,970. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,210 shares of company stock worth $4,653,520. 0.61% of the stock is owned by insiders.

Vulcan Materials Stock Performance

NYSE VMC opened at $243.92 on Friday. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $276.58. The company has a market capitalization of $32.26 billion, a P/E ratio of 35.61, a PEG ratio of 1.83 and a beta of 0.82. The business has a 50 day moving average price of $256.07 and a 200 day moving average price of $250.24. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. Vulcan Materials’s quarterly revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.95 EPS. Sell-side analysts expect that Vulcan Materials will post 8.51 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VMC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Royal Bank of Canada increased their price objective on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Loop Capital decreased their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday. Citigroup increased their price objective on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Stephens increased their target price on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $279.00.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.