Natixis Advisors LLC Boosts Position in Vulcan Materials Company $VMC

Natixis Advisors LLC grew its holdings in Vulcan Materials Company (NYSE:VMC) by 5.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,368 shares of the construction company’s stock after acquiring an additional 11,844 shares during the period. Natixis Advisors LLC’s holdings in Vulcan Materials were worth $67,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Brighton Jones LLC acquired a new stake in Vulcan Materials during the fourth quarter worth about $497,000. NewEdge Advisors LLC lifted its holdings in Vulcan Materials by 3.9% in the first quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after acquiring an additional 163 shares during the period. Empowered Funds LLC boosted its position in Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after purchasing an additional 190 shares in the last quarter. Focus Partners Wealth boosted its position in Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after purchasing an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In other Vulcan Materials news, SVP Denson N. Franklin III sold 665 shares of the firm’s stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total value of $196,175.00. Following the transaction, the senior vice president directly owned 8,284 shares of the company’s stock, valued at $2,443,780. This trade represents a 7.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Thompson S. Baker II sold 7,135 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $300.81, for a total value of $2,146,279.35. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 8,937 shares of company stock worth $2,687,784. 0.62% of the stock is owned by insiders.

Vulcan Materials Stock Down 4.5%

NYSE VMC opened at $274.42 on Monday. The business has a fifty day moving average price of $304.36 and a 200 day moving average price of $297.64. Vulcan Materials Company has a one year low of $215.08 and a one year high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.97 and a current ratio of 2.69. The company has a market cap of $35.83 billion, a P/E ratio of 33.80, a P/E/G ratio of 2.02 and a beta of 1.05.

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

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, March 9th. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is presently 25.62%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on VMC. Wall Street Zen cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Truist Financial upped their price objective on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Wells Fargo & Company lowered their target price on shares of Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 18th. B. Riley Financial assumed coverage on Vulcan Materials in a research report on Thursday, January 15th. They set a “buy” rating and a $345.00 target price on the stock. Finally, Royal Bank Of Canada cut their price target on Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $326.14.

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.