Raymond James Trust N.A. Trims Position in Vulcan Materials (NYSE:VMC)

Raymond James Trust N.A. lessened its holdings in shares of Vulcan Materials (NYSE:VMCFree Report) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,334 shares of the construction company’s stock after selling 114 shares during the quarter. Raymond James Trust N.A.’s holdings in Vulcan Materials were worth $757,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in VMC. American Century Companies Inc. lifted its stake in shares of Vulcan Materials by 10.4% during the 1st quarter. American Century Companies Inc. now owns 7,180 shares of the construction company’s stock worth $1,319,000 after purchasing an additional 676 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Vulcan Materials by 2.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,685 shares of the construction company’s stock worth $861,000 after buying an additional 110 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Vulcan Materials by 32.2% during the 1st quarter. Private Advisor Group LLC now owns 2,451 shares of the construction company’s stock worth $450,000 after buying an additional 597 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of Vulcan Materials by 0.9% during the 1st quarter. Yousif Capital Management LLC now owns 19,808 shares of the construction company’s stock worth $3,639,000 after buying an additional 175 shares during the last quarter. Finally, Prudential PLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth $470,000. Hedge funds and other institutional investors own 90.10% of the company’s stock.

Insiders Place Their Bets

In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total value of $2,091,460.80. Following the transaction, the insider now owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total value of $2,091,460.80. Following the transaction, the insider now owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. Insiders have sold 13,017 shares of company stock valued at $3,344,741 over the last quarter. Insiders own 0.62% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on VMC. The Goldman Sachs Group upped their price objective on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Royal Bank of Canada increased their price target on Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a report on Tuesday, February 20th. Stifel Nicolaus increased their price target on Vulcan Materials from $260.00 to $279.00 and gave the company a “buy” rating in a report on Tuesday, December 19th. Truist Financial increased their price target on Vulcan Materials from $260.00 to $300.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Morgan Stanley assumed coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $262.54.

Check Out Our Latest Analysis on VMC

Vulcan Materials Stock Performance

Shares of VMC stock opened at $274.36 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17. Vulcan Materials has a one year low of $161.69 and a one year high of $275.87. The company’s 50-day simple moving average is $247.23 and its 200-day simple moving average is $224.71. The stock has a market capitalization of $36.28 billion, a price-to-earnings ratio of 39.31, a PEG ratio of 2.02 and a beta of 0.83.

Vulcan Materials (NYSE:VMCGet Free Report) last issued its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. Equities analysts anticipate that Vulcan Materials will post 8.36 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a $0.46 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.36%.

Vulcan Materials Profile

(Free Report)

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 company 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.

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

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