Appleton Partners Inc. MA Has $8.54 Million Stake in Vulcan Materials Company (NYSE:VMC)

Appleton Partners Inc. MA increased its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,595 shares of the construction company's stock after acquiring an additional 4,216 shares during the period. Appleton Partners Inc. MA's holdings in Vulcan Materials were worth $8,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Vulcan Materials in the fourth quarter worth about $497,000. Truist Financial Corp raised its position in Vulcan Materials by 33.0% in the 4th quarter. Truist Financial Corp now owns 13,377 shares of the construction company's stock worth $3,441,000 after purchasing an additional 3,321 shares during the last quarter. D.A. Davidson & CO. lifted its holdings in Vulcan Materials by 63.0% during the 4th quarter. D.A. Davidson & CO. now owns 2,871 shares of the construction company's stock worth $739,000 after buying an additional 1,110 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of Vulcan Materials by 1.6% in the 4th quarter. Private Advisor Group LLC now owns 5,274 shares of the construction company's stock valued at $1,357,000 after buying an additional 82 shares during the period. Finally, Ieq Capital LLC raised its position in shares of Vulcan Materials by 11.1% during the fourth quarter. Ieq Capital LLC now owns 7,708 shares of the construction company's stock worth $1,983,000 after acquiring an additional 771 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the transaction, the senior vice president now directly owns 2,832 shares in the company, valued at approximately $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.62% of the company's stock.

Vulcan Materials Stock Up 1.3%

Shares of NYSE:VMC traded up $3.47 during trading on Tuesday, hitting $264.51. 907,270 shares of the company's stock traded hands, compared to its average volume of 970,427. The company has a current ratio of 2.42, a quick ratio of 1.51 and a debt-to-equity ratio of 0.60. The company has a 50-day moving average price of $261.02 and a 200-day moving average price of $256.88. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a market cap of $34.94 billion, a price-to-earnings ratio of 37.52, a price-to-earnings-growth ratio of 2.27 and a beta of 0.84.

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 analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the firm posted $0.80 earnings per share. The business's revenue was up 5.8% on a year-over-year basis. As a group, research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, May 23rd. Vulcan Materials's dividend payout ratio (DPR) is presently 27.80%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VMC. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Stephens set a $315.00 price target on shares of Vulcan Materials and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Morgan Stanley upped their target price on shares of Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research report on Monday, May 12th. Finally, Citigroup restated a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Three research 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, Vulcan Materials has a consensus rating of "Moderate Buy" and an average target price of $302.91.

Vulcan Materials 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.