Vulcan Materials (VMC) Shares Sold by Captrust Financial Advisors
Captrust Financial Advisors trimmed its stake in Vulcan Materials (NYSE:VMC) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,775 shares of the construction company’s stock after selling 380 shares during the quarter. Captrust Financial Advisors’ holdings in Vulcan Materials were worth $472,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC purchased a new position in Vulcan Materials in the fourth quarter valued at about $25,000. JOYN Advisors Inc. boosted its stake in Vulcan Materials by 273.0% in the fourth quarter. JOYN Advisors Inc. now owns 276 shares of the construction company’s stock valued at $27,000 after acquiring an additional 202 shares during the last quarter. First Personal Financial Services lifted its stake in shares of Vulcan Materials by 74.5% during the 4th quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock valued at $34,000 after buying an additional 146 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Vulcan Materials during the 4th quarter valued at approximately $34,000. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Vulcan Materials during the 4th quarter valued at approximately $46,000. Hedge funds and other institutional investors own 95.15% of the company’s stock.
Shares of VMC stock opened at $111.23 on Friday. The company has a market cap of $14.48 billion, a P/E ratio of 27.46, a price-to-earnings-growth ratio of 1.60 and a beta of 0.92. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.08 and a current ratio of 1.79. Vulcan Materials has a 12 month low of $82.52 and a 12 month high of $133.59.
The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, February 21st. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.28. Vulcan Materials’s dividend payout ratio is 30.62%.
VMC has been the topic of a number of recent research reports. TheStreet upgraded shares of Vulcan Materials from a “c+” rating to a “b-” rating in a research note on Friday, February 1st. Goldman Sachs Group upgraded shares of Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a research note on Wednesday, March 6th. Deutsche Bank upped their price target on shares of Vulcan Materials to $125.00 and gave the company a “buy” rating in a research note on Friday, February 15th. Citigroup dropped their price target on shares of Vulcan Materials from $128.00 to $120.00 and set a “buy” rating on the stock in a research note on Friday, January 4th. Finally, Jefferies Financial Group upped their price target on shares of Vulcan Materials to $133.00 and gave the company a “buy” rating in a research note on Friday, February 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.00.
In related news, insider David P. Clement sold 2,789 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $114.28, for a total transaction of $318,726.92. Following the sale, the insider now owns 4,340 shares of the company’s stock, valued at approximately $495,975.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.81% of the company’s stock.
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About Vulcan Materials
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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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