Appleton Partners Inc. MA Acquires 4,216 Shares of 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 Form 13F filing with the SEC. The firm owned 36,595 shares of the construction company's stock after acquiring an additional 4,216 shares during the quarter. Appleton Partners Inc. MA's holdings in Vulcan Materials were worth $8,538,000 as of its most recent filing with the SEC.

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

Vulcan Materials Trading Down 1.0%

Shares of Vulcan Materials stock opened at $255.50 on Friday. The firm has a market capitalization of $33.75 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 2.29 and a beta of 0.84. 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 firm's 50 day moving average is $260.67 and its 200 day moving average is $257.47. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $298.31.

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

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a dividend of $0.49 per share. The ex-dividend date was Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.77%. Vulcan Materials's dividend payout ratio is presently 27.80%.

Insider Buying and Selling

In related news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the sale, the senior vice president now directly owns 2,832 shares in the company, valued at $764,640. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VMC has been the topic of several recent analyst reports. Seaport Res Ptn raised shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Raymond James Financial decreased their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a report on Tuesday, April 29th. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and raised their target price for the company from $280.00 to $318.00 in a report on Friday, May 16th. Finally, JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $290.00 to $285.00 in a report on Wednesday, March 19th. Three equities 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. According to data from MarketBeat.com, the company has a consensus 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.

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