Azzad Asset Management Inc. ADV Acquires Shares of 5,041 Vulcan Materials (NYSE:VMC)

Azzad Asset Management Inc. ADV acquired a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,041 shares of the construction company's stock, valued at approximately $1,176,000.

Several other hedge funds have also added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its position in Vulcan Materials by 2.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock valued at $461,000 after purchasing an additional 44 shares during the last quarter. Howard Capital Management Inc. increased its stake in shares of Vulcan Materials by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock valued at $233,000 after buying an additional 45 shares during the period. Alpha Omega Wealth Management LLC raised its holdings in shares of Vulcan Materials by 1.1% during the first quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock valued at $1,012,000 after acquiring an additional 46 shares in the last quarter. Washington Trust Advisors Inc. lifted its stake in Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after acquiring an additional 48 shares during the period. Finally, Sound View Wealth Advisors Group LLC lifted its stake in Vulcan Materials by 4.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock worth $301,000 after acquiring an additional 48 shares during the period. Institutional investors own 90.39% of the company's stock.

Insiders Place Their Bets

In other Vulcan Materials 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 transaction, the senior vice president now owns 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.62% of the company's stock.

Analyst Ratings Changes

VMC has been the subject of several research reports. Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Stifel Nicolaus increased their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Wolfe Research upgraded shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Morgan Stanley lifted their price objective on 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, UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and increased their target price for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $302.91.

Vulcan Materials Stock Up 0.3%

Shares of NYSE VMC traded up $0.69 during trading on Monday, reaching $261.46. The company had a trading volume of 115,148 shares, compared to its average volume of 966,934. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.31. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The business's 50-day moving average is $258.49 and its 200 day moving average is $258.07. The stock has a market cap of $34.54 billion, a PE ratio of 38.13, a P/E/G ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data 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 12.30% and a return on equity of 12.83%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period last year, the business earned $0.80 EPS. Vulcan Materials's revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Vulcan Materials 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. Shareholders of record on Friday, May 23rd were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 0.75%. Vulcan Materials's dividend payout ratio is currently 27.80%.

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.