Lido Advisors LLC Has $2.07 Million Stock Position in Vulcan Materials Company $VMC

Lido Advisors LLC lowered its stake in Vulcan Materials Company (NYSE:VMC) by 28.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,589 shares of the construction company’s stock after selling 3,002 shares during the quarter. Lido Advisors LLC’s holdings in Vulcan Materials were worth $2,067,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC acquired a new position in Vulcan Materials in the 4th quarter worth approximately $497,000. NewEdge Advisors LLC grew its position in Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after purchasing an additional 163 shares in the last quarter. Empowered Funds LLC raised its stake in Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after purchasing an additional 190 shares during the period. Focus Partners Wealth raised its stake in Vulcan Materials by 28.5% during the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after purchasing an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Vulcan Materials by 31.5% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $280.20 on Monday. The firm has a market cap of $36.36 billion, a price-to-earnings ratio of 33.32, a P/E/G ratio of 2.01 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 company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $286.78 and a 200 day simple moving average of $290.55.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. The business’s quarterly revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts predict that Vulcan Materials Company will post 9.3 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on VMC. UBS Group dropped their price target on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating on the stock in a research report on Wednesday, July 8th. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Stephens lifted their target price on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada dropped their target price on Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 30th. Finally, Wall Street Zen lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Eight investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $327.79.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.65% of the company’s stock.

About Vulcan Materials

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.