Night Squared LP Purchases Shares of 17,662 Vulcan Materials Company $VMC

Night Squared LP purchased a new stake in Vulcan Materials Company (NYSE:VMC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 17,662 shares of the construction company’s stock, valued at approximately $5,038,000.

Other large investors have also recently bought and sold shares of the company. NBT Bank N A NY bought a new position in Vulcan Materials in the 4th quarter valued at about $26,000. Measured Wealth Private Client Group LLC bought a new position in Vulcan Materials in the 3rd quarter valued at about $30,000. Godsey & Gibb Inc. bought a new position in Vulcan Materials in the 4th quarter valued at about $30,000. WPG Advisers LLC raised its holdings in Vulcan Materials by 56.4% in the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after acquiring an additional 44 shares during the period. Finally, Concord Wealth Partners bought a new position in Vulcan Materials in the 4th quarter valued at about $36,000. 90.39% of the stock is owned by institutional investors.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of Vulcan Materials stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.65% of the stock is owned by company insiders.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $300.75 on Wednesday. The company’s 50 day simple moving average is $283.30 and its 200 day simple moving average is $290.09. The stock has a market capitalization of $39.03 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.00 earnings per share. As a group, research analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 24.73%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VMC. Oppenheimer initiated coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They issued a “market perform” rating on the stock. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a report on Thursday, April 30th. DA Davidson lowered their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Royal Bank Of Canada raised their target price on shares of Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Finally, Stephens raised their target price on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $326.92.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.