Vulcan Materials (NYSE:VMC) Stake Reduced by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC trimmed its stake in Vulcan Materials (NYSE:VMCFree Report) by 2.0% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,282 shares of the construction company’s stock after selling 67 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Vulcan Materials were worth $745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. bought a new stake in Vulcan Materials in the 3rd quarter valued at about $25,000. Householder Group Estate & Retirement Specialist LLC bought a new stake in shares of Vulcan Materials during the third quarter valued at about $27,000. Exchange Traded Concepts LLC acquired a new stake in shares of Vulcan Materials in the 4th quarter worth approximately $28,000. Achmea Investment Management B.V. bought a new position in Vulcan Materials during the 1st quarter valued at $29,000. Finally, Money Concepts Capital Corp acquired a new position in Vulcan Materials during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VMC. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. JPMorgan Chase & Co. restated a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. The Goldman Sachs Group increased their price target on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Raymond James upped their price objective on shares of Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Morgan Stanley assumed coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 target price for the company. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $262.54.

Check Out Our Latest Stock Report on Vulcan Materials

Vulcan Materials Price Performance

NYSE VMC opened at $269.69 on Tuesday. The stock’s 50-day moving average is $253.17 and its two-hundred day moving average is $227.23. Vulcan Materials has a fifty-two week low of $162.00 and a fifty-two week high of $276.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. The firm has a market cap of $35.67 billion, a P/E ratio of 38.64, a price-to-earnings-growth ratio of 1.99 and a beta of 0.83.

Vulcan Materials (NYSE:VMCGet Free Report) last posted its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.06. The company had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. Vulcan Materials’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 business earned $1.08 earnings per share. On average, analysts anticipate that Vulcan Materials will post 8.37 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is 26.36%.

Insider Buying and Selling at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 3,200 shares of the company’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 1,896 shares in the company, valued at approximately $483,991.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 5,395 shares in the company, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. Insiders have sold 13,017 shares of company stock worth $3,344,741 over the last three months. Company insiders own 0.61% of the company’s stock.

About Vulcan Materials

(Free Report)

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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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