SRS Capital Advisors Inc. Acquires 331 Shares of Vulcan Materials (NYSE:VMC)

SRS Capital Advisors Inc. increased its holdings in Vulcan Materials (NYSE:VMC) by 5.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,289 shares of the construction company’s stock after buying an additional 331 shares during the period. SRS Capital Advisors Inc.’s holdings in Vulcan Materials were worth $1,428,000 as of its most recent SEC filing.

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

Vulcan Materials Trading Up 1.6 %

Vulcan Materials stock traded up $4.08 during trading hours on Thursday, reaching $263.81. The company had a trading volume of 827,526 shares, compared to its average volume of 782,608. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. Vulcan Materials has a 12-month low of $178.54 and a 12-month high of $276.58. The company has a 50-day moving average price of $265.23 and a 200 day moving average price of $235.90. The firm has a market cap of $34.89 billion, a price-to-earnings ratio of 37.21, a P/E/G ratio of 1.87 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, topping the consensus estimate of $1.40 by $0.06. The company had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.08 earnings per share. Equities analysts forecast that Vulcan Materials will post 8.43 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a dividend of $0.46 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Friday, March 1st. Vulcan Materials’s dividend payout ratio is currently 26.36%.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their price target on Vulcan Materials from $236.00 to $269.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 20th. Wolfe Research cut shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Jefferies Financial Group increased their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. The Goldman Sachs Group lifted their price objective on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Finally, Citigroup increased 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. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $273.00.

Insider Buying and Selling

In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction that occurred on 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 sale, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Melissa H. Anderson sold 1,200 shares of the stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $260.48, for a total value of $312,576.00. Following the completion of the transaction, the director now directly owns 330 shares of the company’s stock, valued at $85,958.40. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 transaction of $862,336.00. Following the completion of the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The disclosure for this sale can be found here. Insiders have sold 13,017 shares of company stock valued at $3,344,741 over the last ninety days. 0.62% of the stock is owned by insiders.

About Vulcan Materials

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.