Vulcan Materials Company (NYSE:VMC) Shares Sold by Farther Finance Advisors LLC

Farther Finance Advisors LLC decreased its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 7.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,228 shares of the construction company’s stock after selling 94 shares during the period. Farther Finance Advisors LLC’s holdings in Vulcan Materials were worth $291,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in VMC. Murphy & Mullick Capital Management Corp acquired a new stake in Vulcan Materials in the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials in the fourth quarter valued at about $31,000. Generali Asset Management SPA SGR acquired a new stake in Vulcan Materials in the fourth quarter valued at about $32,000. Kapitalo Investimentos Ltda purchased a new position in Vulcan Materials in the fourth quarter valued at about $35,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Vulcan Materials in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of recent research reports. Stifel Nicolaus raised their price objective on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a “buy” rating in a research note on Friday, May 2nd. Argus raised shares of Vulcan Materials to a “strong-buy” rating in a research note on Thursday, April 24th. Raymond James Financial lowered their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating for the company in a research note on Tuesday, April 29th. Morgan Stanley lifted their price objective on Vulcan Materials from $273.00 to $303.00 and gave the company an “equal weight” rating in a research report on Monday, May 12th. Finally, Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a research note on Friday, March 21st. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average target price of $302.91.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the company’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the sale, the senior vice president now owns 2,832 shares of the company’s stock, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.61% of the company’s stock.

Vulcan Materials Stock Performance

VMC opened at $258.84 on Wednesday. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31. The business has a 50 day moving average price of $259.59 and a two-hundred day moving average price of $257.89. The company has a market capitalization of $34.19 billion, a price-to-earnings ratio of 36.71, a price-to-earnings-growth ratio of 2.32 and a beta of 0.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.42 and a quick ratio of 1.51.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date was Friday, May 23rd. Vulcan Materials’s dividend payout ratio is 27.80%.

Vulcan Materials 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.