Alpha Omega Wealth Management LLC Sells 290 Shares of Vulcan Materials (NYSE:VMC)

Alpha Omega Wealth Management LLC lowered its holdings in shares of Vulcan Materials (NYSE:VMC) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,436 shares of the construction company’s stock after selling 290 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Vulcan Materials were worth $1,007,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its position in Vulcan Materials by 1.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock valued at $656,000 after purchasing an additional 51 shares during the last quarter. Proficio Capital Partners LLC boosted its position in shares of Vulcan Materials by 2.3% during the third quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock worth $467,000 after purchasing an additional 52 shares in the last quarter. Greenleaf Trust grew its stake in Vulcan Materials by 2.7% in 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 period. Stonegate Investment Group LLC grew its position in shares of Vulcan Materials by 0.3% in the 4th quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock valued at $4,598,000 after purchasing an additional 52 shares during the period. Finally, CWM LLC boosted its holdings 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 valued at $458,000 after buying an additional 53 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

VMC traded down $0.19 during trading on Wednesday, hitting $258.35. The stock had a trading volume of 205,419 shares, compared to its average volume of 787,628. Vulcan Materials has a one year low of $166.43 and a one year 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 $34.17 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 1.90 and a beta of 0.83. The company has a 50 day moving average price of $262.37 and a 200-day moving average price of $232.26.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the firm earned $1.08 earnings per share. Vulcan Materials’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, research analysts predict that Vulcan Materials will post 8.38 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Friday, March 1st. This is a positive change 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 Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $260.48, for a total transaction of $312,576.00. Following the completion of the transaction, the director now directly owns 330 shares in the company, valued at $85,958.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Melissa H. Anderson sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the sale, the director now directly owns 330 shares in the company, valued at approximately $85,958.40. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the transaction, the insider now owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The disclosure for this sale can be found here. Insiders sold 13,017 shares of company stock valued at $3,344,741 in the last three months. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on VMC. Citigroup increased their price objective on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Raymond James upped their target price on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Morgan Stanley started coverage on Vulcan Materials in a research report on Monday, January 8th. They set an “equal weight” rating and a $208.00 price target for the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Finally, Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $268.85.

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.