Arax Advisory Partners Sells 17,828 Shares of Vulcan Materials Company $VMC

Arax Advisory Partners cut its position in shares of Vulcan Materials Company (NYSE:VMC) by 63.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 10,438 shares of the construction company’s stock after selling 17,828 shares during the period. Arax Advisory Partners’ holdings in Vulcan Materials were worth $2,977,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. NBT Bank N A NY bought a new stake in shares of Vulcan Materials during the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials in the 3rd quarter valued at $30,000. Godsey & Gibb Inc. acquired a new stake in Vulcan Materials in the 4th quarter valued at $30,000. WPG Advisers LLC boosted its stake in Vulcan Materials by 56.4% in the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after buying an additional 44 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials in the 4th quarter valued at $36,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $286.21 on Monday. The firm has a market capitalization of $37.14 billion, a P/E ratio of 34.03, a PEG ratio of 2.07 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. The business has a 50-day moving average of $282.62 and a 200-day moving average of $290.04. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm earned $1.00 EPS. Vulcan Materials’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

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

Wall Street Analyst Weigh In

VMC has been the topic of several recent analyst reports. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research note on Thursday, April 30th. Raymond James Financial set a $325.00 price target on Vulcan Materials in a research note on Thursday, April 30th. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Wells Fargo & Company boosted their price objective on Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Finally, DA Davidson reduced their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $326.92.

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.