SVB Wealth LLC Takes $226,000 Position in Vulcan Materials (NYSE:VMC)

SVB Wealth LLC acquired a new stake in Vulcan Materials (NYSE:VMC) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 996 shares of the construction company’s stock, valued at approximately $226,000.

A number of other hedge funds have also made changes to their positions in VMC. Pinnacle Bancorp Inc. purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at about $25,000. Exchange Traded Concepts LLC purchased a new position in shares of Vulcan Materials in the 4th quarter valued at about $28,000. Covestor Ltd increased its holdings in shares of Vulcan Materials by 273.4% in the 3rd quarter. Covestor Ltd now owns 295 shares of the construction company’s stock valued at $60,000 after acquiring an additional 216 shares during the last quarter. CVA Family Office LLC purchased a new position in shares of Vulcan Materials in the 4th quarter valued at about $62,000. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Vulcan Materials by 48.9% in the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the construction company’s stock valued at $74,000 after acquiring an additional 107 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on VMC. Citigroup lifted their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. The Goldman Sachs Group lifted their price target on Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Jefferies Financial Group lifted their price target on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Royal Bank of Canada lifted their price target on Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 20th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $273.00.

Insider Activity at Vulcan Materials

In related news, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the sale, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the transaction, the insider now directly owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of Vulcan Materials stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the transaction, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The disclosure for this sale can be found here. Insiders have sold a total of 13,017 shares of company stock worth $3,344,741 over the last three months. 0.61% of the stock is currently owned by corporate insiders.

Vulcan Materials Trading Up 0.9 %

Shares of VMC stock opened at $254.40 on Tuesday. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. Vulcan Materials has a twelve month low of $166.43 and a twelve month high of $276.58. The company has a market capitalization of $33.65 billion, a P/E ratio of 36.45, a price-to-earnings-growth ratio of 1.83 and a beta of 0.83. The business’s 50 day moving average is $263.66 and its two-hundred day moving average is $233.72.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the previous year, the business earned $1.08 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Equities analysts forecast that Vulcan Materials will post 8.43 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were paid a $0.46 dividend. The ex-dividend date was Friday, March 1st. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.72%. Vulcan Materials’s payout ratio is 26.36%.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.