HB Wealth Management LLC Sells 2,232 Shares of Vulcan Materials Company $VMC

HB Wealth Management LLC trimmed its position in Vulcan Materials Company (NYSE:VMC) by 7.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,156 shares of the construction company’s stock after selling 2,232 shares during the period. HB Wealth Management LLC’s holdings in Vulcan Materials were worth $7,123,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in VMC. Chesapeake Capital Corp IL boosted its holdings in shares of Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after buying an additional 33 shares in the last quarter. Composition Wealth LLC increased its stake in shares of Vulcan Materials by 3.5% in the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after acquiring an additional 34 shares in the last quarter. Capital Investment Advisors LLC increased its stake in shares of Vulcan Materials by 5.5% in the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after acquiring an additional 38 shares in the last quarter. Truist Financial Corp increased its stake in shares of Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after acquiring an additional 38 shares in the last quarter. Finally, United Capital Financial Advisors LLC lifted its position in Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after acquiring an additional 38 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of VMC opened at $303.45 on Friday. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09. The company has a market capitalization of $39.38 billion, a P/E ratio of 36.08, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05. The firm has a 50 day moving average of $286.49 and a 200 day moving average of $290.89. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS. As a group, equities research analysts anticipate that Vulcan Materials Company will post 9.27 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm 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. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on VMC shares. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research note on Thursday, April 30th. Berenberg Bank set a $283.00 target price on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Royal Bank Of Canada lowered their target price on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a report on Tuesday. Barclays boosted their price target on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Oppenheimer initiated coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Hold” and a consensus target price of $326.54.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the sale, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.65% of the stock is owned by company insiders.

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.