Sequoia Financial Advisors LLC Acquires 1,185 Shares of Vulcan Materials (NYSE:VMC)

Sequoia Financial Advisors LLC grew its holdings in Vulcan Materials (NYSE:VMC) by 108.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,280 shares of the construction company’s stock after buying an additional 1,185 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vulcan Materials were worth $518,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in VMC. Pinnacle Bancorp Inc. bought a new position in Vulcan Materials in the third quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at $27,000. Exchange Traded Concepts LLC bought a new stake in shares of Vulcan Materials during the 4th quarter valued at $28,000. Achmea Investment Management B.V. bought a new stake in shares of Vulcan Materials during the 1st quarter valued at $29,000. Finally, Money Concepts Capital Corp bought a new stake in shares of Vulcan Materials during the 4th quarter valued at $39,000. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VMC has been the topic of several recent analyst reports. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Royal Bank of Canada raised their price objective on shares of Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 20th. Citigroup raised their price objective on shares of Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. JPMorgan Chase & Co. restated a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Finally, Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and ten have assigned 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 a consensus price target of $268.85.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $258.57 on Wednesday. The company’s 50-day moving average price is $262.37 and its 200-day moving average price is $232.26. Vulcan Materials has a twelve month low of $166.43 and a twelve month high of $276.58. The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The company has a market cap of $34.20 billion, a PE ratio of 37.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the firm posted $1.08 EPS. The business’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities research analysts forecast that Vulcan Materials will post 8.38 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a $0.46 dividend. The ex-dividend date was Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. Vulcan Materials’s payout ratio is 26.36%.

Insider Transactions at Vulcan Materials

In related news, SVP Denson N. Franklin III sold 3,200 shares of the company’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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, SVP Denson N. Franklin III sold 3,200 shares of the company’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 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stanley G. Bass sold 8,310 shares of the company’s 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 owns 29,311 shares in the company, valued at $7,376,992.48. The disclosure for this sale can be found here. Insiders have sold a total of 13,017 shares of company stock worth $3,344,741 in the last three months. Insiders own 0.61% of the company’s stock.

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.