Arkadios Wealth Advisors Has $1.51 Million Stock Position in Vulcan Materials Company (NYSE:VMC)

Key Points

• Arkadios Wealth Advisors increased its holdings in Vulcan Materials Company by 296.7%, acquiring an additional 4,824 shares to reach a total of 6,450 shares valued at $1,505,000.
• The company reported a Q2 EPS of $2.45, missing the analysts' expectation of $2.65, while revenue showed a year-over-year increase of 4.4%.
• Vulcan Materials also announced a quarterly dividend of $0.49 per share, with a dividend yield of 0.7% and a 27.80% payout ratio.

Arkadios Wealth Advisors boosted its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 296.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,450 shares of the construction company's stock after purchasing an additional 4,824 shares during the period. Arkadios Wealth Advisors' holdings in Vulcan Materials were worth $1,505,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 7.4% during the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock worth $1,518,291,000 after purchasing an additional 445,691 shares in the last quarter. Stockbridge Partners LLC increased its holdings in Vulcan Materials by 11.3% during the fourth quarter. Stockbridge Partners LLC now owns 1,746,482 shares of the construction company's stock worth $449,248,000 after buying an additional 177,918 shares during the last quarter. Alkeon Capital Management LLC raised its position in Vulcan Materials by 54.1% during the fourth quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock worth $329,769,000 after acquiring an additional 450,000 shares in the last quarter. Invesco Ltd. lifted its stake in Vulcan Materials by 9.1% in the fourth quarter. Invesco Ltd. now owns 1,163,900 shares of the construction company's stock valued at $299,390,000 after acquiring an additional 96,724 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Vulcan Materials by 5.7% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 928,469 shares of the construction company's stock valued at $238,831,000 after acquiring an additional 50,327 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Performance

NYSE:VMC traded down $0.11 during mid-day trading on Friday, hitting $274.56. 1,442,181 shares of the stock were exchanged, compared to its average volume of 1,029,894. The firm's 50-day simple moving average is $265.36 and its 200 day simple moving average is $257.55. The stock has a market capitalization of $36.27 billion, a price-to-earnings ratio of 38.35, a price-to-earnings-growth ratio of 2.43 and a beta of 0.83. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the business earned $2.35 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. As a group, equities analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be paid a $0.49 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.96 annualized dividend and a yield of 0.7%. Vulcan Materials's payout ratio is 27.80%.

Insiders Place Their Bets

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the business'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 owned 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.61% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have recently weighed in on VMC. Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Barclays lifted their price target on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday. Royal Bank Of Canada dropped their price objective on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a research note on Friday. Stifel Nicolaus raised their price objective on Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, UBS Group raised 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 report on Friday, May 16th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Vulcan Materials currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.45.

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.