271 Shares in Vulcan Materials (NYSE:VMC) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in Vulcan Materials (NYSE:VMC) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 271 shares of the construction company’s stock, valued at approximately $61,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in shares of Vulcan Materials in the 4th quarter valued at $28,000. Covestor Ltd raised its position in Vulcan Materials by 273.4% in the third quarter. Covestor Ltd now owns 295 shares of the construction company’s stock valued at $60,000 after purchasing an additional 216 shares during the last quarter. CVA Family Office LLC acquired a new stake in shares of Vulcan Materials during the fourth quarter valued at about $62,000. MCF Advisors LLC grew its holdings in shares of Vulcan Materials by 22.4% during the fourth quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after purchasing an additional 54 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Vulcan Materials by 48.9% in the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the construction company’s stock valued at $74,000 after buying an additional 107 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the sale, the vice president now owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock valued at $3,344,741 over the last three months. Corporate insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on VMC. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Citigroup raised their target price on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Raymond James upped their price target on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $273.00.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $259.76 on Thursday. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. The firm’s 50-day moving average price is $265.23 and its 200-day moving average price is $235.90. The firm has a market capitalization of $34.36 billion, a P/E ratio of 37.21, a P/E/G ratio of 1.87 and a beta of 0.83. Vulcan Materials has a 1-year low of $174.78 and a 1-year high of $276.58.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same quarter in the prior year, the company earned $1.08 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts anticipate that Vulcan Materials will post 8.43 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a dividend of $0.46 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Friday, March 1st. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.36%.

Vulcan Materials 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.