Guyasuta Investment Advisors Inc. Purchases Shares of 50,902 Vulcan Materials Company (NYSE:VMC)

Guyasuta Investment Advisors Inc. purchased a new stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 50,902 shares of the construction company's stock, valued at approximately $11,875,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new stake in Vulcan Materials during the 1st quarter valued at $27,000. Murphy & Mullick Capital Management Corp purchased a new stake in Vulcan Materials during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. purchased a new stake in Vulcan Materials during the 4th quarter valued at $31,000. Generali Asset Management SPA SGR purchased a new stake in Vulcan Materials during the 4th quarter valued at $32,000. Finally, Kapitalo Investimentos Ltda purchased a new stake in Vulcan Materials during the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total transaction of $405,000.00. Following the sale, the senior vice president now owns 2,832 shares of the company's stock, valued at $764,640. This trade represents 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 this link. 0.61% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on VMC. Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Raymond James Financial cut their price objective on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and upped their price objective for the company from $280.00 to $318.00 in a research report on Friday, May 16th. Finally, Stephens set a $315.00 price objective on Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Three 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $302.91.

Vulcan Materials Stock Down 1.0%

NYSE VMC traded down $2.64 during midday trading on Friday, hitting $255.50. 1,953,632 shares of the company traded hands, compared to its average volume of 970,842. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.42 and a quick ratio of 1.51. The company has a market cap of $33.75 billion, a PE ratio of 36.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.84. The company's 50-day simple moving average is $260.67 and its 200-day simple moving average is $257.06. Vulcan Materials Company has a 52 week low of $215.08 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The business had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter last year, the firm earned $0.80 EPS. The business's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Friday, May 23rd were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Friday, May 23rd. Vulcan Materials's 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.