iSAM Funds UK Ltd Boosts Stock Position in Vulcan Materials (NYSE:VMC)

iSAM Funds UK Ltd boosted its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 123.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,159 shares of the construction company's stock after purchasing an additional 1,192 shares during the period. iSAM Funds UK Ltd's holdings in Vulcan Materials were worth $555,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of VMC. Barclays PLC boosted its position in Vulcan Materials by 29.0% in the third quarter. Barclays PLC now owns 472,194 shares of the construction company's stock worth $118,251,000 after purchasing an additional 106,187 shares during the last quarter. Park Avenue Securities LLC boosted its position in Vulcan Materials by 3.9% in the fourth quarter. Park Avenue Securities LLC now owns 2,845 shares of the construction company's stock worth $732,000 after purchasing an additional 108 shares during the last quarter. Merit Financial Group LLC purchased a new position in Vulcan Materials in the fourth quarter worth $263,000. Arkadios Wealth Advisors boosted its position in Vulcan Materials by 51.8% in the fourth quarter. Arkadios Wealth Advisors now owns 1,626 shares of the construction company's stock worth $418,000 after purchasing an additional 555 shares during the last quarter. Finally, HB Wealth Management LLC boosted its position in Vulcan Materials by 11.2% in the fourth quarter. HB Wealth Management LLC now owns 2,423 shares of the construction company's stock worth $623,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on VMC. Stephens set a $315.00 price objective on Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wolfe Research upgraded Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Raymond James lowered their target price on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Royal Bank of Canada boosted their target price on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Finally, UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and boosted their target price for the company from $280.00 to $318.00 in a research note on Friday. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and an average target price of $302.91.

Vulcan Materials Stock Performance

NYSE:VMC opened at $275.68 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31. The firm has a market cap of $36.42 billion, a price-to-earnings ratio of 40.25, a PEG ratio of 2.03 and a beta of 0.84. The business's fifty day moving average is $246.69 and its 200 day moving average is $260.44.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) 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 company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the company posted $0.80 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.71%. Vulcan Materials's payout ratio is 27.80%.

Insider Activity 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 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 directly owns 2,832 shares in the company, valued at approximately $764,640. The trade was a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by corporate 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.

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