Heck Capital Advisors LLC Purchases New Holdings in Vulcan Materials (NYSE:VMC)

Heck Capital Advisors LLC bought a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,223 shares of the construction company's stock, valued at approximately $829,000.

A number of other hedge funds have also bought and sold shares of VMC. DAVENPORT & Co LLC increased its stake in Vulcan Materials by 149.4% in the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock valued at $2,416,000 after purchasing an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC purchased a new position in Vulcan Materials during the fourth quarter worth about $514,000. SYM FINANCIAL Corp purchased a new position in Vulcan Materials during the fourth quarter worth about $249,000. SG Americas Securities LLC boosted its holdings in Vulcan Materials by 64.9% during the fourth quarter. SG Americas Securities LLC now owns 7,910 shares of the construction company's stock worth $2,035,000 after purchasing an additional 3,113 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in Vulcan Materials by 42.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock valued at $926,000 after acquiring an additional 1,081 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction dated 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 approximately $764,640. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.62% of the company's stock.

Vulcan Materials Trading Down 3.0%

Shares of Vulcan Materials stock traded down $8.15 during trading on Wednesday, reaching $262.01. The company's stock had a trading volume of 2,022,396 shares, compared to its average volume of 956,362. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31. The company has a market cap of $34.61 billion, a price-to-earnings ratio of 38.25, a PEG ratio of 2.03 and a beta of 0.84. The firm's 50-day moving average is $251.50 and its two-hundred day moving average is $260.09. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 EPS. On average, sell-side analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.75%. Vulcan Materials's payout ratio is currently 27.80%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup reissued a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Seaport Res Ptn raised shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and increased their price target for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Finally, Loop Capital decreased their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $302.91.

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.