Focus Partners Advisor Solutions LLC Decreases Position in Vulcan Materials Company $VMC

Focus Partners Advisor Solutions LLC trimmed its position in shares of Vulcan Materials Company (NYSE:VMC) by 29.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,255 shares of the construction company’s stock after selling 1,781 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Vulcan Materials were worth $1,302,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the business. Westside Investment Management Inc. boosted its position in Vulcan Materials by 100.0% during the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Greykasell Wealth Strategies Inc. acquired a new stake in shares of Vulcan Materials in the third quarter valued at approximately $29,000. Atlantic Union Bankshares Corp purchased a new position in Vulcan Materials during the second quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Vulcan Materials during the 3rd quarter worth $42,000. Finally, Bayforest Capital Ltd acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at about $46,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Melissa H. Anderson sold 1,137 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Thompson S. Baker II sold 7,135 shares of the company’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $300.81, for a total transaction of $2,146,279.35. The disclosure for this sale is available in the SEC filing. Insiders have sold 8,937 shares of company stock worth $2,687,784 in the last quarter. 0.62% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VMC. Truist Financial lifted their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Royal Bank Of Canada cut their price objective on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday. Wells Fargo & Company lowered their target price on shares of Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 18th. Finally, Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.14.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $287.14 on Friday. The firm’s 50-day simple moving average is $304.75 and its 200 day simple moving average is $297.63. The firm has a market capitalization of $37.49 billion, a PE ratio of 35.36, a P/E/G ratio of 2.18 and a beta of 1.05. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $331.09. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The firm had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.95 billion. During the same period in the prior year, the firm earned $2.17 EPS. The business’s quarterly revenue was up 3.2% on a year-over-year basis. On average, equities research analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Shareholders of record on Monday, March 9th will be given a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.7%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. Vulcan Materials’s dividend payout ratio is 24.14%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.