HB Wealth Management LLC Sells 2,232 Shares of Vulcan Materials Company $VMC

HB Wealth Management LLC lowered its stake in Vulcan Materials Company (NYSE:VMC) by 7.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,156 shares of the construction company’s stock after selling 2,232 shares during the quarter. HB Wealth Management LLC’s holdings in Vulcan Materials were worth $7,123,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Chesapeake Capital Corp IL raised its stake in Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after buying an additional 33 shares during the last quarter. Composition Wealth LLC lifted its holdings in shares of Vulcan Materials by 3.5% during the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after buying an additional 34 shares during the period. Capital Investment Advisors LLC boosted its stake in shares of Vulcan Materials by 5.5% in the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after buying an additional 38 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after buying an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its holdings in shares of Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after acquiring an additional 38 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of research reports. Oppenheimer assumed coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Barclays raised their target price on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Royal Bank Of Canada cut their price target on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research note on Tuesday. Citigroup reduced their price target on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Morgan Stanley lowered their price objective on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $326.54.

Insider Buying and Selling

In other news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Trading Up 0.1%

Shares of VMC stock opened at $303.45 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The company has a market cap of $39.38 billion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.19 and a beta of 1.05. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The firm has a fifty day moving average price of $286.49 and a 200-day moving average price of $290.89.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.Vulcan Materials’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.00 EPS. As a group, equities analysts predict that Vulcan Materials Company will post 9.27 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a $0.52 dividend. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Vulcan Materials Company Profile

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.