True Vision MN LLC Takes $621,000 Position in Vulcan Materials Company $VMC

True Vision MN LLC bought a new position in shares of Vulcan Materials Company (NYSE:VMC) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,281 shares of the construction company’s stock, valued at approximately $621,000.

A number of other institutional investors have also made changes to their positions in the business. Vaughan Nelson Investment Management L.P. lifted its holdings in Vulcan Materials by 21.1% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 307,322 shares of the construction company’s stock valued at $83,684,000 after purchasing an additional 53,590 shares during the last quarter. Quotient Wealth Partners LLC increased its holdings in shares of Vulcan Materials by 4.8% in the first quarter. Quotient Wealth Partners LLC now owns 995 shares of the construction company’s stock valued at $271,000 after purchasing an additional 46 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of Vulcan Materials by 1.4% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 9,013 shares of the construction company’s stock valued at $2,454,000 after purchasing an additional 128 shares during the period. Baron Wealth Management LLC raised its position in shares of Vulcan Materials by 6.7% in the first quarter. Baron Wealth Management LLC now owns 827 shares of the construction company’s stock valued at $225,000 after purchasing an additional 52 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Vulcan Materials by 2.2% during the 4th quarter. Hsbc Holdings PLC now owns 223,520 shares of the construction company’s stock worth $63,842,000 after buying an additional 4,847 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMC has been the subject of several research analyst reports. Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a report on Thursday, April 30th. Barclays increased their price target on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research report on Thursday, April 30th. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Finally, Stephens upped their target price on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report 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. According to data from MarketBeat, Vulcan Materials has an average rating of “Hold” and an average target price of $326.92.

Insider Activity

In other news, SVP David P. Clement sold 2,212 shares of the firm’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 transaction of $646,545.48. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Stock Up 0.3%

VMC opened at $303.63 on Monday. The stock has a fifty day moving average of $284.28 and a 200-day moving average of $290.21. The company has a market capitalization of $39.40 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.19 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 quick ratio of 1.89 and a current ratio of 2.59.

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

Vulcan Materials Announces Dividend

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