Bradley Foster & Sargent Inc. CT Purchases 32,890 Shares of Vulcan Materials Company $VMC

Bradley Foster & Sargent Inc. CT raised its position in Vulcan Materials Company (NYSE:VMC) by 764.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,190 shares of the construction company’s stock after buying an additional 32,890 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Vulcan Materials were worth $10,127,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VMC. NBT Bank N A NY acquired a new stake in shares of Vulcan Materials during the fourth quarter worth approximately $26,000. Meeder Asset Management Inc. boosted its holdings in shares of Vulcan Materials by 71.7% in the 1st quarter. Meeder Asset Management Inc. now owns 103 shares of the construction company’s stock worth $28,000 after acquiring an additional 43 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in Vulcan Materials during the 4th quarter worth approximately $29,000. Godsey & Gibb Inc. bought a new stake in Vulcan Materials during the 4th quarter worth approximately $30,000. Finally, Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials during the 3rd quarter valued at $30,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

VMC stock opened at $280.20 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 50 day moving average price of $286.78 and a 200 day moving average price of $290.59. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09. The stock has a market capitalization of $36.36 billion, a PE ratio of 33.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.00 EPS. Analysts forecast that Vulcan Materials Company will post 9.3 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Thursday, August 13th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is 24.73%.

Insider Activity

In related 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 in the company, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VMC shares. Raymond James Financial reiterated an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Stephens raised their target price on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Barclays lifted their price target on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Wells Fargo & Company decreased their price objective on shares of Vulcan Materials from $310.00 to $305.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Eight analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.79.

Vulcan Materials 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.