Syon Capital LLC Has $522,000 Holdings in Vulcan Materials (NYSE:VMC)

Syon Capital LLC raised its stake in Vulcan Materials (NYSE:VMC) by 19.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,301 shares of the construction company’s stock after buying an additional 368 shares during the quarter. Syon Capital LLC’s holdings in Vulcan Materials were worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Vulcan Materials by 5.0% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 3,102 shares of the construction company’s stock valued at $704,000 after purchasing an additional 148 shares during the period. Atria Wealth Solutions Inc. lifted its stake in Vulcan Materials by 4.8% in the 4th quarter. Atria Wealth Solutions Inc. now owns 3,574 shares of the construction company’s stock valued at $811,000 after acquiring an additional 163 shares in the last quarter. Bfsg LLC boosted its position in Vulcan Materials by 2.8% during the 4th quarter. Bfsg LLC now owns 15,319 shares of the construction company’s stock worth $3,478,000 after acquiring an additional 417 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Vulcan Materials in the fourth quarter worth $61,000. Finally, SlateStone Wealth LLC raised its stake in Vulcan Materials by 11.2% in the 4th quarter. SlateStone Wealth LLC now owns 10,254 shares of the construction company’s stock valued at $2,328,000 after acquiring an additional 1,035 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

VMC stock opened at $261.24 on Friday. 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 company’s 50-day moving average is $264.85 and its 200-day moving average is $234.73. The stock has a market capitalization of $34.55 billion, a PE ratio of 37.43, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. Vulcan Materials has a 1 year low of $166.54 and a 1 year high of $276.58.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The firm had revenue of $1.83 billion during the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s quarterly revenue was up 5.9% on a year-over-year basis. Equities research analysts expect that Vulcan Materials will post 8.47 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a dividend of $0.46 per share. 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 0.70%. The ex-dividend date was Friday, March 1st. Vulcan Materials’s dividend payout ratio (DPR) is currently 26.36%.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research reports. Royal Bank of Canada lifted their target price on shares of Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 20th. The Goldman Sachs Group upped their target price on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Morgan Stanley began coverage on Vulcan Materials in a report on Monday, January 8th. They set an “equal weight” rating and a $208.00 price target for the company. Truist Financial upped their price objective on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd. Finally, Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.00.

Insider Transactions at Vulcan Materials

In related news, SVP Denson N. Franklin III sold 3,200 shares of the firm’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 transaction, the senior vice president now owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were 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 owns 1,896 shares in the company, valued at approximately $483,991.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the company’s stock in a transaction dated 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 directly owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock valued at $3,344,741 over the last three months. Corporate insiders own 0.62% of the company’s stock.

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.