HB Wealth Management LLC Has $6.36 Million Stock Position in Vulcan Materials Company (NYSE:VMC)

Key Points

• HB Wealth Management LLC significantly increased its stock position in Vulcan Materials Company by 1,025.1% during the 1st quarter, bringing its total shares to 27,260 valued at approximately $6.36 million.
• The company reported an earnings per share of $1.00 for the last quarter, exceeding analysts' expectations of $0.80, with a year-over-year revenue increase of 5.8%.
• Vulcan Materials announced a quarterly dividend of $0.49, representing an annualized yield of 0.71%, with a dividend payout ratio of 27.80%.

HB Wealth Management LLC lifted its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 1,025.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,260 shares of the construction company's stock after purchasing an additional 24,837 shares during the period. HB Wealth Management LLC's holdings in Vulcan Materials were worth $6,360,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC lifted its position in shares of Vulcan Materials by 21.0% in the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company's stock worth $222,000 after buying an additional 165 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Vulcan Materials by 42.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock worth $3,686,000 after acquiring an additional 4,678 shares during the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Vulcan Materials by 24.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company's stock worth $215,000 after purchasing an additional 180 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock worth $398,000 after purchasing an additional 365 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of Vulcan Materials by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Up 0.1%

Shares of NYSE VMC traded up $0.16 during mid-day trading on Wednesday, reaching $274.08. The company had a trading volume of 259,896 shares, compared to its average volume of 1,049,411. Vulcan Materials Company has a twelve month low of $215.08 and a twelve month high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.51 and a current ratio of 2.42. The stock has a market capitalization of $36.21 billion, a PE ratio of 38.85, a price-to-earnings-growth ratio of 2.37 and a beta of 0.82. The stock's 50 day moving average is $265.10 and its 200-day moving average is $257.28.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, topping 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 firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. The business's revenue was up 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be given a $0.49 dividend. 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 (DPR) is presently 27.80%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Morgan Stanley cut their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a research report on Monday. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Finally, Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials presently has a consensus rating of "Moderate Buy" and a consensus target price of $301.27.

Insider Buying and Selling

In other news, SVP David P. Clement sold 1,500 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the transaction, the senior vice president directly owned 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is currently owned by company insiders.

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.