Lindbrook Capital LLC Buys 238 Shares of Vulcan Materials (NYSE:VMC)

Lindbrook Capital LLC increased its stake in shares of Vulcan Materials (NYSE:VMC) by 87.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 510 shares of the construction company’s stock after acquiring an additional 238 shares during the period. Lindbrook Capital LLC’s holdings in Vulcan Materials were worth $116,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of VMC. JPMorgan Chase & Co. raised its holdings in Vulcan Materials by 47.4% during the third quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock worth $909,794,000 after acquiring an additional 1,447,700 shares in the last quarter. Wellington Management Group LLP raised its holdings in Vulcan Materials by 30,160.4% during the third quarter. Wellington Management Group LLP now owns 541,359 shares of the construction company’s stock worth $109,365,000 after acquiring an additional 539,570 shares in the last quarter. Palestra Capital Management LLC raised its stake in Vulcan Materials by 68.9% in the third quarter. Palestra Capital Management LLC now owns 560,315 shares of the construction company’s stock valued at $113,195,000 after buying an additional 228,510 shares during the period. FMR LLC raised its stake in Vulcan Materials by 6.8% in the third quarter. FMR LLC now owns 3,042,842 shares of the construction company’s stock valued at $614,715,000 after buying an additional 194,337 shares during the period. Finally, Ceredex Value Advisors LLC bought a new stake in Vulcan Materials in the third quarter valued at approximately $32,535,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 1.9 %

Shares of NYSE:VMC opened at $259.27 on Wednesday. The company has a market capitalization of $34.29 billion, a P/E ratio of 37.14, a P/E/G ratio of 1.85 and a beta of 0.83. Vulcan Materials has a 1 year low of $166.43 and a 1 year high of $276.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. The business’s 50 day simple moving average is $264.10 and its 200 day simple moving average is $234.05.

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

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a yield of 0.71%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio is currently 26.36%.

Insider Buying and Selling

In related news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $260.48, for a total transaction of $312,576.00. Following the completion of the sale, the director now directly owns 330 shares in the company, valued at $85,958.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Denson N. Franklin III sold 3,200 shares of the company’s 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 sale, the senior vice president now 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 13,017 shares of company stock valued at $3,344,741 over the last 90 days. 0.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on the company. Truist Financial upped their price objective on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Raymond James upped their price objective on Vulcan Materials from $225.00 to $240.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Royal Bank of Canada upped their target price on Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 20th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $273.00.

Vulcan Materials Profile

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.