Fox Run Management L.L.C. Sells 2,095 Shares of Vulcan Materials Company $VMC

Fox Run Management L.L.C. lessened its position in Vulcan Materials Company (NYSE:VMC) by 75.5% during the third quarter, Holdings Channel reports. The institutional investor owned 681 shares of the construction company’s stock after selling 2,095 shares during the quarter. Fox Run Management L.L.C.’s holdings in Vulcan Materials were worth $209,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VMC. Fulton Bank N.A. raised its holdings in shares of Vulcan Materials by 4.1% in the third quarter. Fulton Bank N.A. now owns 960 shares of the construction company’s stock valued at $295,000 after purchasing an additional 38 shares during the last quarter. Harfst & Associates Inc. grew its position in Vulcan Materials by 0.6% in the third quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company’s stock valued at $1,974,000 after purchasing an additional 38 shares in the last quarter. Massachusetts Wealth Management increased its stake in Vulcan Materials by 0.7% in the 3rd quarter. Massachusetts Wealth Management now owns 5,470 shares of the construction company’s stock valued at $1,683,000 after buying an additional 40 shares during the last quarter. Bollard Group LLC lifted its position in Vulcan Materials by 5.3% during the 2nd quarter. Bollard Group LLC now owns 819 shares of the construction company’s stock worth $214,000 after buying an additional 41 shares in the last quarter. Finally, HighPoint Advisor Group LLC boosted its stake in shares of Vulcan Materials by 1.7% during the 3rd quarter. HighPoint Advisor Group LLC now owns 2,523 shares of the construction company’s stock worth $776,000 after buying an additional 41 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VMC. Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. Truist Financial upped their price objective on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 21st. B. Riley Financial assumed coverage on shares of Vulcan Materials in a report on Thursday, January 15th. They set a “buy” rating and a $345.00 target price on the stock. Finally, Wells Fargo & Company dropped their price target on shares of Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus price target of $325.07.

Insider Buying and Selling

In related news, President Thompson S. Baker II sold 7,135 shares of the company’s stock in a transaction dated Thursday, December 11th. The shares were sold at an average price of $300.81, for a total value of $2,146,279.35. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Denson N. Franklin III sold 665 shares of the stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total transaction of $196,175.00. Following the completion of the transaction, the senior vice president directly owned 8,284 shares in the company, valued at approximately $2,443,780. This represents a 7.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 8,937 shares of company stock valued at $2,687,784. Company insiders own 0.61% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $299.85 on Wednesday. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $39.15 billion, a P/E ratio of 36.93, a P/E/G ratio of 2.25 and a beta of 1.05. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $331.09. The stock has a 50 day moving average of $304.84 and a 200-day moving average of $297.71.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a net margin of 13.56% and a return on equity of 12.56%. The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter last year, the company posted $2.17 EPS. The firm’s revenue was up 3.2% on a year-over-year basis. As a group, equities research analysts predict that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be paid a dividend of $0.52 per share. The ex-dividend date is Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s dividend payout ratio is 24.14%.

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.