Prime Capital Investment Advisors LLC Purchases 269 Shares of Vulcan Materials (NYSE:VMC)

Prime Capital Investment Advisors LLC grew its position in shares of Vulcan Materials (NYSE:VMC) by 26.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,286 shares of the construction company’s stock after purchasing an additional 269 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Vulcan Materials were worth $292,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VMC. Exchange Traded Concepts LLC purchased a new position in shares of Vulcan Materials during the 4th quarter valued at about $28,000. Pinnacle Bancorp Inc. bought a new position in Vulcan Materials during the third quarter valued at approximately $25,000. Householder Group Estate & Retirement Specialist LLC purchased a new position in shares of Vulcan Materials during the third quarter worth approximately $27,000. Achmea Investment Management B.V. bought a new stake in shares of Vulcan Materials in the 1st quarter worth approximately $29,000. Finally, State of Wyoming purchased a new stake in shares of Vulcan Materials in the 2nd quarter valued at $41,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Stifel Nicolaus lifted 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. Raymond James lifted their price objective on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Truist Financial increased their target price on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Citigroup lifted their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, The Goldman Sachs Group raised their target price on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $268.85.

Insider Activity

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

Vulcan Materials Stock Down 1.0 %

Shares of Vulcan Materials stock opened at $262.88 on Friday. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. Vulcan Materials has a 12-month low of $166.43 and a 12-month high of $276.58. The company has a market cap of $34.77 billion, a P/E ratio of 37.66, a PEG ratio of 1.94 and a beta of 0.83. The company’s fifty day simple moving average is $261.21 and its two-hundred day simple moving average is $231.07.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the company earned $1.08 earnings per share. Vulcan Materials’s quarterly revenue was up 5.9% on a year-over-year basis. Research analysts anticipate that Vulcan Materials will post 8.38 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio is currently 26.36%.

Vulcan Materials Company Profile

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.