CVA Family Office LLC Takes $62,000 Position in Vulcan Materials (NYSE:VMC)

CVA Family Office LLC acquired a new stake in shares of Vulcan Materials (NYSE:VMCFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 275 shares of the construction company’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in VMC. Pinnacle Bancorp Inc. bought a new stake in Vulcan Materials during the third quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in shares of Vulcan Materials during the third quarter worth about $27,000. Exchange Traded Concepts LLC purchased a new stake in shares of Vulcan Materials during the fourth quarter worth about $28,000. Achmea Investment Management B.V. bought a new stake in Vulcan Materials during the 1st quarter valued at approximately $29,000. Finally, Money Concepts Capital Corp purchased a new position in Vulcan Materials in the 4th quarter worth approximately $39,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 3,200 shares of the company’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 value of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the transaction, the director now directly owns 330 shares in the company, valued at $85,958.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,017 shares of company stock valued at $3,344,741. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Down 0.4 %

NYSE:VMC opened at $272.79 on Thursday. The company has a market cap of $36.08 billion, a price-to-earnings ratio of 39.08, a price-to-earnings-growth ratio of 2.00 and a beta of 0.83. Vulcan Materials has a twelve month low of $162.00 and a twelve month high of $276.58. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $250.24 and a 200-day simple moving average of $226.01.

Vulcan Materials (NYSE:VMCGet Free Report) last announced its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.06. The company had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.84 billion. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter last year, the business posted $1.08 EPS. Analysts anticipate that Vulcan Materials will post 8.36 EPS for the current 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 dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.67%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, March 1st. Vulcan Materials’s dividend payout ratio is presently 26.36%.

Analyst Ratings Changes

VMC has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Royal Bank of Canada raised their price objective on Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 20th. Morgan Stanley began coverage on Vulcan Materials in a research report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 target price on the stock. Truist Financial raised 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, Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Five equities research 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.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $262.54.

Read Our Latest Report on VMC

Vulcan Materials Company 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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