Brown Advisory Inc. Buys 113,648 Shares of Vulcan Materials Company (NYSE:VMC)

Brown Advisory Inc. lifted its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 336.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,462 shares of the construction company's stock after purchasing an additional 113,648 shares during the quarter. Brown Advisory Inc. owned about 0.11% of Vulcan Materials worth $34,403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC bought a new position in shares of Vulcan Materials during the 1st quarter worth about $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Vulcan Materials during the 4th quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Vulcan Materials during the 4th quarter worth about $31,000. Generali Asset Management SPA SGR bought a new position in shares of Vulcan Materials during the 4th quarter worth about $32,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Vulcan Materials during the 4th quarter worth about $35,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Performance

Vulcan Materials stock traded down $2.13 during mid-day trading on Friday, reaching $268.60. The company's stock had a trading volume of 1,101,620 shares, compared to its average volume of 985,161. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $298.31. The company has a market capitalization of $35.48 billion, a P/E ratio of 38.10, a PEG ratio of 2.40 and a beta of 0.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.51 and a current ratio of 2.42. The firm's fifty day moving average price is $265.70 and its two-hundred day moving average price is $256.37.

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 12.50% and a return on equity of 12.91%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business earned $0.80 EPS. Vulcan Materials's revenue was up 5.8% compared to the same quarter last year. Sell-side analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.73%. Vulcan Materials's payout ratio is 27.80%.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction on 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 transaction, the senior vice president directly owned 2,832 shares of the company's stock, valued at $764,640. This trade represents a 34.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Loop Capital cut their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Stifel Nicolaus raised their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Wolfe Research upgraded shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Finally, Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the company an "overweight" rating in a research note on Thursday, May 1st. 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.