London Co. of Virginia Sells 33,439 Shares of Vulcan Materials Company $VMC

London Co. of Virginia decreased its position in shares of Vulcan Materials Company (NYSE:VMC) by 4.6% during the third quarter, according to its most recent filing with the SEC. The firm owned 689,665 shares of the construction company’s stock after selling 33,439 shares during the period. London Co. of Virginia owned about 0.52% of Vulcan Materials worth $212,156,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Westside Investment Management Inc. lifted its position in Vulcan Materials by 100.0% during the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after buying an additional 42 shares during the period. Greykasell Wealth Strategies Inc. purchased a new position in Vulcan Materials in the 3rd quarter worth about $29,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Vulcan Materials during the third quarter valued at approximately $42,000. Bayforest Capital Ltd purchased a new stake in Vulcan Materials during the 3rd quarter valued at $46,000. Finally, Optiver Holding B.V. purchased a new stake in Vulcan Materials during the third quarter valued at $49,000. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In related news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.61% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on VMC. Wall Street Zen downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, February 21st. Zacks Research lowered shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. Royal Bank Of Canada decreased their target price on shares of Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. Finally, B. Riley Financial initiated coverage on shares of Vulcan Materials in a research report on Thursday, January 15th. They issued a “buy” rating and a $345.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $326.29.

Vulcan Materials Stock Performance

NYSE VMC opened at $265.84 on Tuesday. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a twelve month low of $218.87 and a twelve month high of $331.09. The business has a 50-day moving average price of $301.70 and a 200-day moving average price of $296.67. The firm has a market cap of $34.71 billion, a price-to-earnings ratio of 32.74, a price-to-earnings-growth ratio of 1.85 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last issued 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 net margin of 13.56% and a return on equity of 12.56%. The business had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period last year, the business posted $2.17 EPS. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. As a group, equities research analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal 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 issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, March 9th. Vulcan Materials’s payout ratio is presently 25.62%.

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.