Stonegate Investment Group LLC Sells 326 Shares of Vulcan Materials (NYSE:VMC)

Stonegate Investment Group LLC lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 1.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,929 shares of the construction company’s stock after selling 326 shares during the quarter. Stonegate Investment Group LLC’s holdings in Vulcan Materials were worth $5,439,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Strs Ohio grew its holdings in shares of Vulcan Materials by 6.3% in the 4th quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock worth $16,822,000 after purchasing an additional 4,412 shares during the last quarter. Nordea Investment Management AB increased its holdings in Vulcan Materials by 50.6% during the 4th quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company’s stock valued at $7,384,000 after purchasing an additional 10,991 shares in the last quarter. Federated Hermes Inc. raised its position in Vulcan Materials by 53.6% in the 4th quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock valued at $18,460,000 after purchasing an additional 28,369 shares during the last quarter. International Assets Investment Management LLC boosted its stake in Vulcan Materials by 17,706.3% in the fourth quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock worth $10,874,000 after purchasing an additional 47,630 shares in the last quarter. Finally, Smith Salley & Associates bought a new stake in shares of Vulcan Materials during the fourth quarter worth $3,185,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Down 1.4 %

Shares of VMC traded down $3.73 on Tuesday, hitting $257.72. The company’s stock had a trading volume of 817,142 shares, compared to its average volume of 779,552. The company has a quick ratio of 2.39, a current ratio of 3.17 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $34.09 billion, a price-to-earnings ratio of 36.92, a P/E/G ratio of 1.89 and a beta of 0.83. The firm’s fifty day moving average price is $265.11 and its 200-day moving average price is $235.73. Vulcan Materials has a fifty-two week low of $174.17 and a fifty-two week high of $276.58.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period in the previous year, the firm posted $1.08 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, equities research analysts expect that Vulcan Materials will post 8.47 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a $0.46 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, March 1st. This represents a $1.84 annualized dividend and a yield of 0.71%. Vulcan Materials’s payout ratio is presently 26.36%.

Insider Buying and Selling at Vulcan Materials

In other news, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, SVP Denson N. Franklin III sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the transaction, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the sale, the insider now owns 29,311 shares in the company, valued at approximately $7,376,992.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,017 shares of company stock worth $3,344,741. Corporate insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VMC. Raymond James boosted their target price on shares of Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Jefferies Financial Group upped their price objective on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Citigroup lifted their target price on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Morgan Stanley initiated coverage on Vulcan Materials in a research note on Monday, January 8th. They set an “equal weight” rating and a $208.00 price target on the stock. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $273.00.

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.