Harbour Trust & Investment Management Co Makes New Investment in Vulcan Materials Company (NYSE:VMC)

Harbour Trust & Investment Management Co bought a new stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,768 shares of the construction company's stock, valued at approximately $2,279,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Opal Wealth Advisors LLC purchased a new position in shares of Vulcan Materials in the 1st quarter valued at $27,000. Murphy & Mullick Capital Management Corp bought a new stake in Vulcan Materials during the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new position in Vulcan Materials in the fourth quarter valued at about $31,000. Generali Asset Management SPA SGR purchased a new position in Vulcan Materials in the fourth quarter valued at about $32,000. Finally, Kapitalo Investimentos Ltda bought a new position in Vulcan Materials in the fourth quarter worth about $35,000. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on VMC shares. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Stephens set a $315.00 price target on shares of Vulcan Materials and gave the stock an "overweight" rating in a report on Thursday, May 1st. Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. Finally, Stifel Nicolaus raised their price objective on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Three 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, Vulcan Materials presently has an average rating of "Moderate Buy" and an average price target of $302.91.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of the business'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 transaction, the senior vice president directly owned 2,832 shares in the company, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.62% of the stock is owned by insiders.

Vulcan Materials Stock Performance

Vulcan Materials stock traded up $0.53 during trading hours on Friday, hitting $266.24. 421,723 shares of the stock traded hands, compared to its average volume of 980,655. The firm's 50 day moving average price is $264.17 and its 200-day moving average price is $256.29. 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 stock has a market capitalization of $35.17 billion, a price-to-earnings ratio of 37.76, a P/E/G ratio of 2.37 and a beta of 0.82. 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 released its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company's revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.74%. The ex-dividend date was Friday, May 23rd. Vulcan Materials's dividend payout ratio (DPR) is currently 27.80%.

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.