Vulcan Materials (NYSE:VMC) Shares Sold by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC trimmed its stake in shares of Vulcan Materials (NYSE:VMC) by 2.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 15,796 shares of the construction company’s stock after selling 358 shares during the quarter. Princeton Global Asset Management LLC’s holdings in Vulcan Materials were worth $3,685,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in VMC. Murphy & Mullick Capital Management Corp acquired a new position in Vulcan Materials during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Vulcan Materials during the fourth quarter worth approximately $31,000. Generali Asset Management SPA SGR bought a new position in Vulcan Materials in the 4th quarter worth approximately $32,000. Kapitalo Investimentos Ltda bought a new position in Vulcan Materials in the 4th quarter worth approximately $35,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $46,000. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the sale, the senior vice president now directly owns 2,832 shares of the company’s stock, valued at $764,640. This represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VMC shares. Royal Bank of Canada increased their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Loop Capital decreased their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Wolfe Research upgraded shares of Vulcan Materials from a “peer perform” rating to an “outperform” rating in a research note on Thursday, April 10th. Finally, UBS Group upgraded Vulcan Materials from a “neutral” rating to a “buy” rating and upped their target price for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $302.91.

Vulcan Materials Trading Down 0.4%

Vulcan Materials stock opened at $264.73 on Friday. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The firm has a market capitalization of $34.97 billion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 2.03 and a beta of 0.84. The company has a 50 day moving average price of $255.38 and a 200 day moving average price of $259.18.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the company earned $0.80 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. Research analysts forecast that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

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

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.