GAMMA Investing LLC Has $92.86 Million Stock Position in Vulcan Materials (NYSE:VMC)

GAMMA Investing LLC raised its holdings in Vulcan Materials (NYSE:VMC) by 29,580.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 398,010 shares of the construction company’s stock after buying an additional 396,669 shares during the quarter. GAMMA Investing LLC’s holdings in Vulcan Materials were worth $92,856,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMC. Moody National Bank Trust Division grew its holdings in shares of Vulcan Materials by 5.8% during the 1st quarter. Moody National Bank Trust Division now owns 2,876 shares of the construction company’s stock worth $671,000 after purchasing an additional 157 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Vulcan Materials by 18.2% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 851 shares of the construction company’s stock worth $199,000 after purchasing an additional 131 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Vulcan Materials by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock worth $249,000 after purchasing an additional 51 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Vulcan Materials by 22.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,120 shares of the construction company’s stock worth $2,860,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Siemens Fonds Invest GmbH grew its holdings in shares of Vulcan Materials by 211.6% during the 4th quarter. Siemens Fonds Invest GmbH now owns 4,335 shares of the construction company’s stock worth $1,115,000 after purchasing an additional 2,944 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Down 0.1%

Shares of VMC opened at $265.12 on Monday. The stock has a fifty day moving average price of $252.46 and a two-hundred day moving average price of $259.39. 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 52-week low of $215.08 and a 52-week high of $298.31. The company has a market cap of $35.02 billion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $0.80 EPS. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.74%. Vulcan Materials’s payout ratio is 27.80%.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the transaction, the senior vice president now owns 2,832 shares in the company, valued at approximately $764,640. The trade was a 34.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on VMC shares. Morgan Stanley lifted their price objective on Vulcan Materials from $273.00 to $303.00 and gave the stock an “equal weight” rating in a report on Monday, May 12th. Royal Bank of Canada lifted their price objective on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. upgraded Vulcan Materials from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Citigroup restated a “buy” rating on shares of Vulcan Materials in a research report on Monday, March 24th. Finally, Stephens set a $315.00 target price on Vulcan Materials and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Three research 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. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.91.

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.