Global Retirement Partners LLC Boosts Stock Position in Vulcan Materials (NYSE:VMC)

Global Retirement Partners LLC grew its stake in shares of Vulcan Materials (NYSE:VMCFree Report) by 13.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,393 shares of the construction company’s stock after buying an additional 161 shares during the period. Global Retirement Partners LLC’s holdings in Vulcan Materials were worth $310,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted its holdings in shares of Vulcan Materials by 47.4% in the third quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock worth $909,794,000 after buying an additional 1,447,700 shares in the last quarter. Norges Bank bought a new position in shares of Vulcan Materials during the fourth quarter worth $217,300,000. Wellington Management Group LLP boosted its position in shares of Vulcan Materials by 30,160.4% during the third quarter. Wellington Management Group LLP now owns 541,359 shares of the construction company’s stock worth $109,365,000 after acquiring an additional 539,570 shares during the last quarter. Palestra Capital Management LLC boosted its position in shares of Vulcan Materials by 68.9% during the third quarter. Palestra Capital Management LLC now owns 560,315 shares of the construction company’s stock worth $113,195,000 after acquiring an additional 228,510 shares during the last quarter. Finally, Barclays PLC boosted its position in shares of Vulcan Materials by 98.7% during the second quarter. Barclays PLC now owns 427,683 shares of the construction company’s stock worth $96,416,000 after acquiring an additional 212,432 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Down 1.3 %

VMC stock opened at $266.15 on Wednesday. The company has a market capitalization of $35.20 billion, a PE ratio of 38.13, a P/E/G ratio of 1.99 and a beta of 0.83. Vulcan Materials has a 12 month low of $162.00 and a 12 month high of $276.58. The firm’s 50-day moving average is $254.02 and its 200 day moving average is $227.62. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39.

Vulcan Materials (NYSE:VMCGet Free Report) last posted 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. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate 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 was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 EPS. On average, research analysts anticipate that Vulcan Materials will post 8.37 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.36%.

Insider Buying and Selling

In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the transaction, the insider now directly owns 29,311 shares in the company, valued at approximately $7,376,992.48. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the transaction, the senior vice president now owns 5,395 shares in the company, valued at $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 in the last 90 days. Company insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research reports. Stifel Nicolaus upped their target price on shares of Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Wolfe Research lowered shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Raymond James upped their price target on shares of Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Royal Bank of Canada upped their price target on shares of Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $264.08.

Get Our Latest Stock Report on Vulcan Materials

About Vulcan Materials

(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.

Read More

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMCFree Report).

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

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.