Toronto Dominion Bank Boosts Holdings in Vulcan Materials (NYSE:VMC)

Toronto Dominion Bank raised its position in Vulcan Materials (NYSE:VMC) by 7.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 70,790 shares of the construction company’s stock after buying an additional 4,826 shares during the quarter. Toronto Dominion Bank owned about 0.05% of Vulcan Materials worth $18,209,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. DAVENPORT & Co LLC raised its holdings in Vulcan Materials by 149.4% during the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company’s stock worth $2,416,000 after purchasing an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC acquired a new position in Vulcan Materials during the 4th quarter worth approximately $514,000. SYM FINANCIAL Corp purchased a new position in shares of Vulcan Materials during the 4th quarter worth approximately $249,000. SG Americas Securities LLC lifted its holdings in shares of Vulcan Materials by 64.9% in the 4th quarter. SG Americas Securities LLC now owns 7,910 shares of the construction company’s stock valued at $2,035,000 after buying an additional 3,113 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Vulcan Materials by 42.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company’s stock valued at $926,000 after buying an additional 1,081 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on VMC shares. Raymond James cut their price objective on Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating for the company in a research report on Tuesday, April 29th. Stifel Nicolaus increased their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Seaport Res Ptn upgraded shares of Vulcan Materials to a “strong-buy” rating in a research note on Friday, March 21st. Loop Capital decreased their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Finally, Stephens set a $315.00 target price on shares of Vulcan Materials and gave the company an “overweight” rating in a report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $302.91.

Vulcan Materials Stock Up 0.1%

Shares of NYSE VMC opened at $275.68 on Tuesday. The firm has a market cap of $36.42 billion, a P/E ratio of 40.25, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The firm’s 50 day moving average price is $246.69 and its 200 day moving average price is $260.44.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.20. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business’s revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. As a group, sell-side analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Friday, May 23rd. Vulcan Materials’s payout ratio is 27.80%.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the transaction, the senior vice president now directly owns 2,832 shares in the company, valued at $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.62% of the stock is owned by company insiders.

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.