Vulcan Materials (NYSE:VMC) Shares Sold by Webster Bank N. A.

Webster Bank N. A. lessened its stake in Vulcan Materials (NYSE:VMCFree Report) by 6.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,548 shares of the construction company’s stock after selling 164 shares during the quarter. Webster Bank N. A.’s holdings in Vulcan Materials were worth $578,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in VMC. Stratos Wealth Partners LTD. raised its position in shares of Vulcan Materials by 1.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock worth $656,000 after purchasing an additional 51 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Vulcan Materials by 2.3% during the 3rd quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock worth $467,000 after buying an additional 52 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Vulcan Materials by 2.7% during the third quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock valued at $406,000 after acquiring an additional 52 shares during the last quarter. Stonegate Investment Group LLC lifted its position in shares of Vulcan Materials by 0.3% in the fourth quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock valued at $4,598,000 after acquiring an additional 52 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Vulcan Materials by 2.4% in the third quarter. CWM LLC now owns 2,269 shares of the construction company’s stock worth $458,000 after acquiring an additional 53 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Morgan Stanley assumed coverage on Vulcan Materials in a research note on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price objective for the company. Royal Bank of Canada boosted their price target on shares of Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 20th. Wolfe Research cut shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Stifel Nicolaus raised their target price on shares of Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Finally, The Goldman Sachs Group upped their price target on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $264.08.

Get Our Latest Stock Analysis on Vulcan Materials

Vulcan Materials Trading Down 1.3 %

Shares of Vulcan Materials stock opened at $266.15 on Wednesday. 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 quick ratio of 2.39 and a current ratio of 3.17. The firm has a market capitalization of $35.20 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 1.97 and a beta of 0.83. The stock has a 50 day moving average of $254.02 and a 200 day moving average of $227.62.

Vulcan Materials (NYSE:VMCGet Free Report) last released its quarterly 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 business 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%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.08 EPS. As a group, research analysts predict that Vulcan Materials will post 8.37 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were given a dividend of $0.46 per share. The ex-dividend date was Friday, March 1st. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.69%. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.36%.

Insider Activity

In related news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the transaction, the insider now owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the completion of the sale, the vice president now directly owns 1,896 shares of the company’s stock, valued at $483,991.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stanley G. Bass sold 8,310 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the sale, the insider now owns 29,311 shares in the company, valued at approximately $7,376,992.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,017 shares of company stock valued at $3,344,741. Company insiders own 0.61% of the company’s stock.

Vulcan Materials Company Profile

(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.

See Also

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

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