Inspire Investing LLC Acquires 334 Shares of Vulcan Materials Company $VMC

Inspire Investing LLC grew its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 33.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,336 shares of the construction company’s stock after buying an additional 334 shares during the quarter. Inspire Investing LLC’s holdings in Vulcan Materials were worth $312,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Manchester Capital Management LLC boosted its stake in shares of Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after purchasing an additional 39 shares during the period. DRW Securities LLC lifted its stake in Vulcan Materials by 2.6% in the first quarter. DRW Securities LLC now owns 1,748 shares of the construction company’s stock worth $408,000 after acquiring an additional 45 shares during the period. Alpha Omega Wealth Management LLC lifted its stake in Vulcan Materials by 1.1% in the first quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company’s stock worth $1,012,000 after acquiring an additional 46 shares during the period. Wellington Management Group LLP lifted its stake in Vulcan Materials by 5.6% in the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock worth $249,000 after acquiring an additional 51 shares during the period. Finally, Marks Group Wealth Management Inc lifted its stake in Vulcan Materials by 2.7% in the first quarter. Marks Group Wealth Management Inc now owns 2,203 shares of the construction company’s stock worth $514,000 after acquiring an additional 57 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 698 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $298.56, for a total value of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares in the company, valued at approximately $845,521.92. This represents a 19.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Performance

VMC opened at $298.87 on Friday. Vulcan Materials Company has a 52-week low of $215.08 and a 52-week high of $302.21. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The company has a market cap of $39.49 billion, a P/E ratio of 41.74, a price-to-earnings-growth ratio of 2.39 and a beta of 0.86. The firm’s 50-day moving average price is $284.07 and its 200-day moving average price is $263.37.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.23 billion. During the same quarter last year, the company posted $2.35 EPS. Vulcan Materials’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, August 14th. Vulcan Materials’s dividend payout ratio is 27.37%.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of research reports. Morgan Stanley lowered their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research note on Monday, July 28th. Barclays upped their price objective on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, August 1st. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $285.00 to $330.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 26th. Citigroup reissued a “buy” rating and set a $321.00 price target (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. Finally, Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Vulcan Materials presently has a consensus rating of “Buy” and a consensus target price of $308.36.

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.