Signaturefd LLC Buys 129 Shares of Vulcan Materials (NYSE:VMC)

Signaturefd LLC lifted its stake in Vulcan Materials (NYSE:VMC) by 8.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,627 shares of the construction company’s stock after acquiring an additional 129 shares during the period. Signaturefd LLC’s holdings in Vulcan Materials were worth $369,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC bought a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $28,000. Covestor Ltd increased its position in Vulcan Materials by 273.4% in the 3rd quarter. Covestor Ltd now owns 295 shares of the construction company’s stock worth $60,000 after buying an additional 216 shares during the period. CVA Family Office LLC bought a new position in Vulcan Materials in the 4th quarter worth approximately $62,000. Whittier Trust Co. of Nevada Inc. increased its position in 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 worth $74,000 after buying an additional 107 shares during the period. Finally, Lindbrook Capital LLC increased its position in Vulcan Materials by 87.5% in the 4th quarter. Lindbrook Capital LLC now owns 510 shares of the construction company’s stock worth $116,000 after buying an additional 238 shares during the period. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on VMC shares. Morgan Stanley started coverage on Vulcan Materials in a research report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price target on the stock. 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. 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. Royal Bank of Canada lifted their price objective on Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and set a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Five equities 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $273.00.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the transaction, the director now owns 330 shares in the company, valued at approximately $85,958.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction on Monday, February 26th. The stock was sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the transaction, the director now owns 330 shares in the company, valued at approximately $85,958.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the transaction, the insider now owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,017 shares of company stock worth $3,344,741. 0.62% of the stock is currently owned by insiders.

Vulcan Materials Price Performance

Shares of VMC stock opened at $258.54 on Friday. The stock’s fifty day simple moving average is $264.73 and its 200 day simple moving average is $234.37. 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 firm has a market cap of $34.20 billion, a price-to-earnings ratio of 37.04, a P/E/G ratio of 1.86 and a beta of 0.83. Vulcan Materials has a one year low of $166.43 and a one year high of $276.58.

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

Vulcan Materials Increases Dividend

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

Vulcan Materials Company 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.