Investment Management Corp VA ADV Makes New Investment in Vulcan Materials (NYSE:VMC)

Investment Management Corp VA ADV purchased a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 1,460 shares of the construction company's stock, valued at approximately $376,000.

Other institutional investors have also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Vulcan Materials in the fourth quarter valued at approximately $31,000. Generali Asset Management SPA SGR acquired a new stake in Vulcan Materials in the fourth quarter worth $32,000. Kapitalo Investimentos Ltda bought a new position in shares of Vulcan Materials during the fourth quarter worth $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $46,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $290.00 to $285.00 in a report on Wednesday, March 19th. Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Raymond James cut their price objective on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Loop Capital dropped their target price on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Stephens set a $315.00 price target on Vulcan Materials and gave the stock 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $302.91.

Vulcan Materials Stock Performance

Vulcan Materials stock traded down $6.61 during midday trading on Wednesday, reaching $263.55. 800,738 shares of the company's stock were exchanged, compared to its average volume of 949,900. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The stock's 50-day simple moving average is $250.95 and its 200 day simple moving average is $260.07. The firm has a market cap of $34.82 billion, a price-to-earnings ratio of 38.45, a P/E/G ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31.

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, beating analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the prior year, the business earned $0.80 EPS. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts expect that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

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

Insider Activity at Vulcan Materials

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 transaction of $405,000.00. Following the completion of the sale, the senior vice president now owns 2,832 shares in the company, valued at $764,640. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.62% of the stock is owned by company insiders.

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.