Vulcan Materials Company $VMC Shares Sold by John G Ullman & Associates Inc.

John G Ullman & Associates Inc. decreased its stake in shares of Vulcan Materials Company (NYSE:VMC) by 8.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,850 shares of the construction company’s stock after selling 1,984 shares during the quarter. John G Ullman & Associates Inc.’s holdings in Vulcan Materials were worth $6,222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. NBT Bank N A NY acquired a new position in Vulcan Materials during the 4th quarter worth approximately $26,000. Birchwood Financial Partners Inc. purchased a new position in Vulcan Materials in the fourth quarter valued at $29,000. Godsey & Gibb Inc. acquired a new stake in Vulcan Materials in the fourth quarter valued at $30,000. Measured Wealth Private Client Group LLC purchased a new stake in Vulcan Materials during the 3rd quarter worth about $30,000. Finally, WPG Advisers LLC boosted its position in shares of Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 1.6%

NYSE:VMC opened at $288.64 on Friday. The stock has a market capitalization of $37.45 billion, a price-to-earnings 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. The stock has a fifty day moving average price of $286.57 and a two-hundred day moving average price of $290.97. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter last year, the business earned $1.00 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vulcan Materials Company will post 9.23 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed 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. The ex-dividend date is Thursday, August 13th. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s payout ratio is currently 24.73%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Raymond James Financial restated an “outperform” rating on shares of Vulcan Materials in a research note on Wednesday. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Barclays upped their target price on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Stephens increased their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, Oppenheimer initiated coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating on the stock. Eight analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $327.79.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the sale, the senior vice president owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.65% of the company’s stock.

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.