Vulcan Materials (NYSE:VMC) Shares Purchased by Bfsg LLC

Bfsg LLC grew its holdings in shares of Vulcan Materials (NYSE:VMC) by 2.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,319 shares of the construction company’s stock after purchasing an additional 417 shares during the quarter. Bfsg LLC’s holdings in Vulcan Materials were worth $3,478,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new position in shares of Vulcan Materials during the 4th quarter worth $28,000. Pinnacle Bancorp Inc. purchased a new position in Vulcan Materials in the third quarter valued at about $25,000. GAMMA Investing LLC purchased a new position in Vulcan Materials in the fourth quarter valued at about $61,000. CVA Family Office LLC acquired a new stake in shares of Vulcan Materials during the fourth quarter valued at about $62,000. Finally, Covestor Ltd grew its stake in shares of Vulcan Materials by 273.4% during the third quarter. Covestor Ltd now owns 295 shares of the construction company’s stock valued at $60,000 after acquiring an additional 216 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, VP Randy L. Pigg sold 307 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the sale, the vice president now owns 1,896 shares in the company, valued at approximately $483,991.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the sale, the senior vice president now directly owns 5,395 shares in the company, valued at $1,453,844.60. The disclosure for this sale can be found here. Insiders sold 13,017 shares of company stock worth $3,344,741 over the last ninety days. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Performance

VMC stock traded down $2.19 on Thursday, reaching $254.21. The company’s stock had a trading volume of 211,126 shares, compared to its average volume of 775,984. Vulcan Materials has a 52 week low of $166.43 and a 52 week high of $276.58. The company has a market capitalization of $33.62 billion, a P/E ratio of 36.73, a price-to-earnings-growth ratio of 1.88 and a beta of 0.83. The firm has a fifty day moving average of $264.41 and a two-hundred day moving average of $234.20. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39.

Vulcan Materials (NYSE:VMC) last released its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.08 earnings per share. As a group, analysts predict that Vulcan Materials will post 8.43 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, March 1st. Vulcan Materials’s dividend payout ratio is 26.36%.

Analysts Set New Price Targets

Several analysts have recently weighed in on VMC shares. Truist Financial raised their target price on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Royal Bank of Canada lifted their price target on Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 20th. Jefferies Financial Group lifted their price target on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 price target (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.00.

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.