Apollon Wealth Management LLC Grows Stock Holdings in Vulcan Materials Company $VMC

Apollon Wealth Management LLC grew its holdings in Vulcan Materials Company (NYSE:VMC) by 123.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,737 shares of the construction company’s stock after acquiring an additional 2,614 shares during the period. Apollon Wealth Management LLC’s holdings in Vulcan Materials were worth $1,351,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in VMC. Westside Investment Management Inc. boosted its holdings 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 buying an additional 42 shares in the last quarter. Greykasell Wealth Strategies Inc. purchased a new stake in Vulcan Materials during the third quarter worth $29,000. Measured Wealth Private Client Group LLC purchased a new stake in Vulcan Materials during the third quarter worth $30,000. OFI Invest Asset Management purchased a new stake in Vulcan Materials during the fourth quarter worth $37,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Vulcan Materials during the third quarter worth $42,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Vulcan Materials

In other 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 value of $345,329.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on VMC. Truist Financial increased their price target on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Wall Street Zen downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. Wells Fargo & Company lowered their price target on shares of Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 18th. Morgan Stanley lowered their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Finally, Barclays lowered their price target on shares of Vulcan Materials from $320.00 to $296.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $324.85.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $297.40 on Tuesday. The firm has a 50-day simple moving average of $290.59 and a 200-day simple moving average of $293.80. The stock has a market capitalization of $38.80 billion, a price-to-earnings ratio of 36.63, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. 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 Company has a 52 week low of $231.76 and a 52 week high of $331.09.

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

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, March 9th. Vulcan Materials’s dividend payout ratio (DPR) is currently 25.62%.

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.