Aptus Capital Advisors LLC Has $1.05 Million Position in Vulcan Materials Company $VMC

Aptus Capital Advisors LLC decreased its holdings in Vulcan Materials Company (NYSE:VMC) by 54.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,400 shares of the construction company’s stock after selling 4,090 shares during the quarter. Aptus Capital Advisors LLC’s holdings in Vulcan Materials were worth $1,046,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Westside Investment Management Inc. lifted its stake 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 purchasing an additional 42 shares during the period. Greykasell Wealth Strategies Inc. bought a new stake in shares of Vulcan Materials in the 3rd quarter valued at approximately $29,000. Atlantic Union Bankshares Corp acquired a new position in shares of Vulcan Materials in the 2nd quarter worth approximately $32,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Vulcan Materials in the 3rd quarter worth approximately $42,000. Finally, Bayforest Capital Ltd bought a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $46,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $274.22 on Tuesday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $331.09. The stock has a market capitalization of $35.81 billion, a P/E ratio of 33.77, a P/E/G ratio of 2.02 and a beta of 1.05. The business has a 50-day moving average price of $304.00 and a two-hundred day moving average price of $297.54.

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

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a $0.52 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is currently 24.14%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on VMC shares. Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Citigroup increased their price objective on Vulcan Materials from $345.00 to $365.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Royal Bank Of Canada cut their price objective on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating for the company in a report on Wednesday, February 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Finally, DA Davidson lowered their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $326.29.

Insider Activity

In other news, SVP Denson N. Franklin III sold 665 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $295.00, for a total value of $196,175.00. Following the transaction, the senior vice president directly owned 8,284 shares in the company, valued at $2,443,780. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Melissa H. Anderson sold 1,137 shares of Vulcan Materials stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 8,937 shares of company stock valued at $2,687,784 in the last 90 days. 0.61% of the stock is owned by company insiders.

Vulcan Materials 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.