Steward Partners Investment Advisory LLC Sells 765 Shares of Vulcan Materials Company $VMC

Steward Partners Investment Advisory LLC cut its stake in Vulcan Materials Company (NYSE:VMC) by 12.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,164 shares of the construction company’s stock after selling 765 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Vulcan Materials were worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. ORG Partners LLC raised its position in shares of Vulcan Materials by 86.3% in the 2nd quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock worth $25,000 after acquiring an additional 44 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new stake in Vulcan Materials in the second quarter worth $32,000. Concord Wealth Partners bought a new position in Vulcan Materials in the second quarter worth $33,000. Manchester Capital Management LLC lifted its position in Vulcan Materials by 26.9% during the first quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares during the period. Finally, Steph & Co. bought a new stake in shares of Vulcan Materials during the 2nd quarter valued at $55,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.7%

NYSE:VMC opened at $297.08 on Monday. The stock has a market cap of $39.25 billion, a price-to-earnings ratio of 41.49, a PEG ratio of 2.39 and a beta of 0.95. The company has a quick ratio of 1.13, a current ratio of 1.67 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average price is $294.63 and its 200-day moving average price is $282.39. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $311.74.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.72 by $0.12. Vulcan Materials had a net margin of 12.52% and a return on equity of 12.81%. The company had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the business earned $2.22 EPS. The firm’s revenue for the quarter was up 14.4% on a year-over-year basis. On average, equities research analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, November 10th. Vulcan Materials’s dividend payout ratio is presently 23.28%.

Insider Buying and Selling at Vulcan Materials

In related news, President Thompson S. Baker II sold 4,853 shares of Vulcan Materials stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $295.63, for a total value of $1,434,692.39. Following the completion of the sale, the president directly owned 41,485 shares in the company, valued at approximately $12,264,210.55. This trade represents a 10.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David P. Clement sold 2,000 shares of the company’s stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $288.55, for a total transaction of $577,100.00. Following the transaction, the senior vice president owned 832 shares in the company, valued at $240,073.60. This represents a 70.62% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,369 shares of company stock worth $3,920,556 over the last ninety days. 0.62% of the stock is currently owned by insiders.

Analyst Ratings Changes

VMC has been the subject of several research reports. Royal Bank Of Canada decreased their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a research note on Friday, October 31st. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Tuesday, October 21st. Raymond James Financial boosted their price target on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research note on Thursday, October 30th. Finally, Stifel Nicolaus set a $327.00 price objective on Vulcan Materials in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $317.58.

Vulcan Materials Company 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.