Vulcan Materials (NYSE:VMC) Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its holdings in Vulcan Materials (NYSE:VMC) by 17,706.3% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 47,899 shares of the construction company’s stock after buying an additional 47,630 shares during the quarter. International Assets Investment Management LLC’s holdings in Vulcan Materials were worth $10,874,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Vulcan Materials during the fourth quarter worth $28,000. Covestor Ltd raised its holdings in shares of 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 acquiring an additional 216 shares during the period. CVA Family Office LLC purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $62,000. Whittier Trust Co. of Nevada Inc. grew its position in Vulcan Materials by 48.9% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the construction company’s stock worth $74,000 after purchasing an additional 107 shares in the last quarter. Finally, PGGM Investments acquired a new stake in Vulcan Materials during the 3rd quarter valued at $148,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of several recent analyst reports. Citigroup upped their price target on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Wolfe Research downgraded 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 stock an “outperform” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Finally, Truist Financial boosted their price target on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $277.08.

Insider Transactions at Vulcan Materials

In related news, VP Randy L. Pigg sold 307 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the transaction, the vice president now owns 1,896 shares of the company’s stock, valued at $483,991.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Vulcan Materials news, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the transaction, the vice president now directly owns 1,896 shares of the company’s stock, valued at $483,991.92. 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 company’s 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 completion of the sale, 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 three months, insiders 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 Performance

NYSE:VMC opened at $264.44 on Monday. 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 firm’s 50-day moving average is $265.53 and its 200-day moving average is $236.84. Vulcan Materials has a 52-week low of $187.20 and a 52-week high of $276.58. The company has a market cap of $34.98 billion, a price-to-earnings ratio of 38.60, a PEG ratio of 1.98 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last posted its quarterly 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). The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company’s revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned $0.95 EPS. Equities research analysts anticipate that Vulcan Materials will post 8.5 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were paid a $0.46 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

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.