Fiduciary Alliance LLC Has $821,000 Holdings in Vulcan Materials (NYSE:VMC)

Fiduciary Alliance LLC lifted its stake in Vulcan Materials (NYSE:VMC - Free Report) by 48.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,519 shares of the construction company's stock after purchasing an additional 1,141 shares during the period. Fiduciary Alliance LLC's holdings in Vulcan Materials were worth $821,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of VMC. DAVENPORT & Co LLC grew its holdings in Vulcan Materials by 149.4% during the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock worth $2,416,000 after acquiring an additional 5,627 shares during the period. SYM FINANCIAL Corp bought a new stake in Vulcan Materials in the 4th quarter valued at $249,000. Jones Financial Companies Lllp lifted its position in Vulcan Materials by 42.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock valued at $926,000 after acquiring an additional 1,081 shares in the last quarter. Wellington Management Group LLP lifted its position in Vulcan Materials by 5.6% in the 4th 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. Finally, Savant Capital LLC lifted its position in Vulcan Materials by 24.2% in the 4th quarter. Savant Capital LLC now owns 2,573 shares of the construction company's stock valued at $662,000 after acquiring an additional 501 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on VMC shares. Seaport Res Ptn raised shares of Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Royal Bank of Canada boosted their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 19th. Morgan Stanley boosted their price target on shares of Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Finally, Stifel Nicolaus boosted their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Three research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Stock Performance

Shares of VMC stock traded down $0.23 on Friday, reaching $265.44. The stock had a trading volume of 153,402 shares, compared to its average volume of 964,184. 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 firm's 50-day moving average is $254.83 and its two-hundred day moving average is $259.27. The firm has a market capitalization of $35.07 billion, a price-to-earnings ratio of 38.69, a P/E/G ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. The company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. Vulcan Materials's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. On average, research analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be issued a $0.49 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.74%. Vulcan Materials's dividend payout ratio is currently 27.80%.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the 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 transaction, the senior vice president now directly owns 2,832 shares of the company's stock, valued at $764,640. This represents a 34.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.61% of the company's stock.

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.