Harel Insurance Investments & Financial Services Ltd. Sells 1,036 Shares of Vulcan Materials (NYSE:VMC)

Harel Insurance Investments & Financial Services Ltd. decreased its position in Vulcan Materials (NYSE:VMCGet Rating) by 83.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 200 shares of the construction company’s stock after selling 1,036 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Vulcan Materials were worth $37,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of VMC. Key Financial Inc purchased a new position in Vulcan Materials in the 1st quarter worth approximately $26,000. Bank of New Hampshire purchased a new position in Vulcan Materials in the 1st quarter worth approximately $38,000. Allworth Financial LP increased its stake in shares of Vulcan Materials by 84.9% during the first quarter. Allworth Financial LP now owns 257 shares of the construction company’s stock valued at $47,000 after buying an additional 118 shares during the period. UMB Bank N A MO purchased a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $58,000. Finally, Mystic Asset Management Inc. purchased a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $62,000. Institutional investors own 88.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on VMC shares. StockNews.com started coverage on Vulcan Materials in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Truist Financial reduced their price target on Vulcan Materials to $200.00 in a research note on Tuesday, July 5th. The Goldman Sachs Group dropped their target price on Vulcan Materials from $215.00 to $189.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Wolfe Research dropped their target price on Vulcan Materials from $211.00 to $194.00 and set an “outperform” rating on the stock in a report on Thursday, July 14th. Finally, DA Davidson dropped their target price on Vulcan Materials from $220.00 to $195.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Seven analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.13.

Insider Buying and Selling

In related news, SVP David P. Clement sold 3,377 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $165.23, for a total transaction of $557,981.71. Following the completion of the transaction, the senior vice president now directly owns 3,970 shares of the company’s stock, valued at $655,963.10. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, SVP David P. Clement sold 3,377 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $165.23, for a total transaction of $557,981.71. Following the completion of the transaction, the senior vice president now directly owns 3,970 shares of the company’s stock, valued at $655,963.10. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Melissa H. Anderson purchased 500 shares of the company’s stock in a transaction that occurred on Saturday, May 14th. The shares were purchased at an average cost of $191.46 per share, with a total value of $95,730.00. Following the completion of the purchase, the director now owns 500 shares of the company’s stock, valued at approximately $95,730. The disclosure for this purchase can be found here. 0.57% of the stock is currently owned by company insiders.

Vulcan Materials Stock Performance

Shares of VMC opened at $156.40 on Tuesday. The company has a quick ratio of 1.27, a current ratio of 1.86 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $153.75 and a two-hundred day simple moving average of $171.46. The stock has a market cap of $20.78 billion, a price-to-earnings ratio of 34.76, a PEG ratio of 1.83 and a beta of 0.75. Vulcan Materials has a 52 week low of $137.54 and a 52 week high of $213.65.

Vulcan Materials (NYSE:VMCGet Rating) last released its earnings results on Wednesday, May 4th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.11. Vulcan Materials had a return on equity of 10.49% and a net margin of 9.99%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter last year, the business posted $0.69 earnings per share. The firm’s revenue was up 44.2% on a year-over-year basis. On average, analysts expect that Vulcan Materials will post 5.91 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Investors of record on Wednesday, August 17th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Tuesday, August 16th. Vulcan Materials’s dividend payout ratio is currently 35.56%.

About Vulcan Materials

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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 Aggregates segment 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.

See Also

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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