Equitable Trust Co. lowered its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 7.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,545 shares of the construction company's stock after selling 1,331 shares during the period. Equitable Trust Co.'s holdings in Vulcan Materials were worth $4,093,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in Vulcan Materials by 21.0% during the first quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company's stock valued at $222,000 after acquiring an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Vulcan Materials by 42.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock valued at $3,686,000 after acquiring an additional 4,678 shares in the last quarter. Exchange Traded Concepts LLC grew its stake in Vulcan Materials by 24.3% during the first quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company's stock valued at $215,000 after acquiring an additional 180 shares in the last quarter. GAMMA Investing LLC grew its stake in Vulcan Materials by 27.2% during the first quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock valued at $398,000 after acquiring an additional 365 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Vulcan Materials by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock valued at $249,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.
Vulcan Materials Trading Up 0.9%
NYSE:VMC opened at $271.59 on Friday. The company has a fifty day moving average of $265.21 and a 200 day moving average of $256.85. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $35.88 billion, a P/E ratio of 38.52, a P/E/G ratio of 2.41 and a beta of 0.82.
Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS 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 company had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the business posted $0.80 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. On average, research analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.
Vulcan Materials Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be issued a dividend of $0.49 per share. The ex-dividend date is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials's dividend payout ratio is currently 27.80%.
Analyst Ratings Changes
Several equities research analysts have issued reports on the stock. Stifel Nicolaus lifted their target price 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. Loop Capital dropped their target price on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley lifted 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. Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Raymond James Financial dropped their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $302.91.
View Our Latest Research Report on Vulcan Materials
Insider Buying and Selling
In related news, SVP David P. Clement sold 1,500 shares of the company's stock in a transaction 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 completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at $764,640. This represents a 34.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.62% of the stock is owned by corporate insiders.
Vulcan Materials Company Profile
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Free Report)
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.
See Also
Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials Company (NYSE:VMC - Free Report).

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