Vulcan Materials Company $VMC Holdings Raised by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in Vulcan Materials Company (NYSE:VMC) by 164.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,730 shares of the construction company’s stock after purchasing an additional 1,696 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Vulcan Materials were worth $743,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. NBT Bank N A NY bought a new stake in shares of Vulcan Materials during the 4th quarter worth about $26,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Vulcan Materials in the 3rd quarter worth approximately $30,000. Birchwood Financial Partners Inc. bought a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $29,000. Godsey & Gibb Inc. bought a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $30,000. Finally, WPG Advisers LLC increased its stake in shares of Vulcan Materials by 56.4% during the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after acquiring an additional 44 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 2.9%

Shares of VMC opened at $303.45 on Friday. The business’s 50-day moving average price is $286.22 and its 200 day moving average price is $290.80. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $39.37 billion, a P/E ratio of 36.08, a P/E/G ratio of 2.13 and a beta of 1.05. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

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

Vulcan Materials Announces Dividend

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

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the company’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 sale, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VMC. Berenberg Bank set a $283.00 price target on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Oppenheimer began coverage on Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating for the company. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $326.54.

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.