Atria Wealth Solutions Inc. Buys 163 Shares of Vulcan Materials (NYSE:VMC)

Atria Wealth Solutions Inc. lifted its stake in Vulcan Materials (NYSE:VMC) by 4.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,574 shares of the construction company’s stock after purchasing an additional 163 shares during the period. Atria Wealth Solutions Inc.’s holdings in Vulcan Materials were worth $811,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Exchange Traded Concepts LLC bought a new stake in shares of Vulcan Materials during the 4th quarter valued at about $28,000. Covestor Ltd grew its position in Vulcan Materials by 273.4% during the third quarter. Covestor Ltd now owns 295 shares of the construction company’s stock valued at $60,000 after buying an additional 216 shares during the period. GAMMA Investing LLC purchased a new stake in Vulcan Materials during the fourth quarter valued at approximately $61,000. CVA Family Office LLC bought a new position in Vulcan Materials in the fourth quarter worth approximately $62,000. Finally, MCF Advisors LLC boosted its stake in shares of Vulcan Materials by 22.4% during the 4th quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after acquiring an additional 54 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

VMC stock opened at $264.44 on Friday. Vulcan Materials has a one year low of $187.20 and a one year high of $276.58. The company’s fifty day moving average price is $265.38 and its 200-day moving average price is $236.10. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.74. The company has a market capitalization of $34.98 billion, a PE ratio of 38.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same period last year, the firm posted $0.95 EPS. Vulcan Materials’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, equities analysts anticipate that Vulcan Materials will post 8.45 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business 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. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. 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 payout ratio is 26.86%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Stephens raised their target price on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday. Citigroup lifted their price objective on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Jefferies Financial Group increased their target price on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Morgan Stanley initiated coverage on shares of Vulcan Materials in a report on Monday, January 8th. They set an “equal weight” rating and a $208.00 price target on the stock. Finally, Truist Financial increased their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $277.08.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction on 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 completion of the transaction, the insider now owns 29,311 shares in the company, valued at $7,376,992.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Vulcan Materials 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 stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the sale, the senior vice president now directly owns 5,395 shares in the company, valued at $1,453,844.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the transaction, the insider now owns 29,311 shares of the company’s stock, valued at approximately $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 valued at $3,344,741 over the last 90 days. 0.62% of the stock is owned by corporate insiders.

About Vulcan Materials

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.