Vulcan Materials Company (NYSE:VMC) Shares Sold by Geneva Capital Management LLC

Key Points

• Geneva Capital Management LLC reduced its stake in Vulcan Materials by 2.3% in the first quarter, holding $11.96 million in worth after selling 1,223 shares.
• Vulcan Materials recently reported an earnings per share (EPS) of $2.45, which missed the consensus estimate of $2.65, with its revenue also falling short of projections.
• The company announced a quarterly dividend of $0.49 per share, representing a 0.7% yield and a payout ratio of 27.80%, with the dividend to be paid out on September 3rd.

Geneva Capital Management LLC trimmed its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 2.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,273 shares of the construction company's stock after selling 1,223 shares during the quarter. Geneva Capital Management LLC's holdings in Vulcan Materials were worth $11,962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VMC. Opal Wealth Advisors LLC purchased a new position in Vulcan Materials during the 1st quarter valued at about $27,000. Kapitalo Investimentos Ltda acquired a new position in Vulcan Materials during the fourth quarter worth approximately $35,000. Manchester Capital Management LLC grew its stake in shares of Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock valued at $43,000 after purchasing an additional 39 shares during the last quarter. Wayfinding Financial LLC acquired a new position in shares of Vulcan Materials during the first quarter worth about $45,000. Finally, Fourth Dimension Wealth LLC purchased a new position in Vulcan Materials during the fourth quarter worth about $46,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The stock was 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 in the company, valued at approximately $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is currently owned by corporate insiders.

Vulcan Materials Price Performance

VMC traded up $4.66 during trading on Friday, reaching $286.76. 277,401 shares of the stock were exchanged, compared to its average volume of 1,062,029. The business's 50 day moving average price is $266.62 and its two-hundred day moving average price is $257.98. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The company has a market capitalization of $37.89 billion, a price-to-earnings ratio of 40.05, a P/E/G ratio of 2.30 and a beta of 0.83. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $2.23 billion. During the same quarter in the previous year, the firm posted $2.35 earnings per share. The firm's revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

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 dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.7%. The ex-dividend date is Thursday, August 14th. Vulcan Materials's payout ratio is currently 27.37%.

Analysts Set New Price Targets

Several research firms have issued reports on VMC. Royal Bank Of Canada dropped their target price on Vulcan Materials from $286.00 to $279.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Stifel Nicolaus upped their price objective on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Raymond James Financial reduced their target price on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Barclays boosted their target price on shares of Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Three 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 stock. According to MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and an average target price of $304.27.

Vulcan Materials Company 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.