Fairvoy Private Wealth LLC Makes New $225,000 Investment in Vulcan Materials (NYSE:VMC)

Fairvoy Private Wealth LLC purchased a new position in Vulcan Materials (NYSE:VMC - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 965 shares of the construction company's stock, valued at approximately $225,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its stake in Vulcan Materials by 42.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock worth $926,000 after acquiring an additional 1,081 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Vulcan Materials by 5.6% in the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after purchasing an additional 51 shares during the last quarter. Savant Capital LLC increased its position in shares of Vulcan Materials by 24.2% in the fourth quarter. Savant Capital LLC now owns 2,573 shares of the construction company's stock worth $662,000 after purchasing an additional 501 shares during the last quarter. Marion Wealth Management raised its stake in Vulcan Materials by 17.4% in the first quarter. Marion Wealth Management now owns 5,403 shares of the construction company's stock valued at $1,261,000 after purchasing an additional 800 shares in the last quarter. Finally, Asset Management One Co. Ltd. lifted its position in Vulcan Materials by 17.3% during the fourth quarter. Asset Management One Co. Ltd. now owns 75,310 shares of the construction company's stock valued at $19,746,000 after purchasing an additional 11,129 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

VMC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $290.00 to $285.00 in a report on Wednesday, March 19th. Raymond James dropped their price target on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Argus upgraded Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Royal Bank of Canada raised their price objective on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a report on Wednesday, February 19th. Finally, UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Vulcan Materials has a consensus rating of "Moderate Buy" and an average target price of $302.91.

Vulcan Materials Trading Up 0.1%

VMC stock traded up $0.21 during midday trading on Monday, hitting $260.98. The company had a trading volume of 664,642 shares, compared to its average volume of 969,069. The stock has a market cap of $34.48 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The stock's 50 day moving average price is $258.49 and its 200 day moving average price is $258.07.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to analyst estimates 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 was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.80 EPS. As a group, equities research analysts expect that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio (DPR) is currently 27.80%.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was 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 owns 2,832 shares of the company's stock, valued at $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.62% of the company's stock.

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.