Vulcan Materials Company $VMC Stock Holdings Lifted by Sanctuary Advisors LLC

Sanctuary Advisors LLC lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 5.8% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 39,251 shares of the construction company’s stock after buying an additional 2,142 shares during the period. Sanctuary Advisors LLC’s holdings in Vulcan Materials were worth $10,688,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chesapeake Capital Corp IL boosted its stake in Vulcan Materials by 0.9% in the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after acquiring an additional 33 shares during the period. Composition Wealth LLC raised its position in shares of Vulcan Materials by 3.5% during the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after purchasing an additional 34 shares during the period. Capital Investment Advisors LLC lifted its holdings in shares of Vulcan Materials by 5.5% in the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after purchasing an additional 38 shares during the last quarter. Truist Financial Corp lifted its holdings in shares of Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after purchasing an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC boosted its position in Vulcan Materials by 1.2% during the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after purchasing an additional 38 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on VMC shares. Citigroup dropped their target price on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a report on Thursday, April 30th. Royal Bank Of Canada lowered their price target on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 30th. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Oppenheimer assumed coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They issued a “market perform” rating on the stock. Eight equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.79.

Vulcan Materials Stock Down 1.6%

Shares of Vulcan Materials stock opened at $288.64 on Friday. The business’s fifty day moving average price is $286.57 and its two-hundred day moving average price is $290.97. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The company has a market capitalization of $37.45 billion, a P/E ratio of 34.32, a PEG ratio of 2.13 and a beta of 1.05. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.00 EPS. As a group, research analysts forecast that Vulcan Materials Company will post 9.23 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be given a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, August 13th. Vulcan Materials’s dividend payout ratio is currently 24.73%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.