Leavell Investment Management Inc. Sells 2,155 Shares of Vulcan Materials Company (NYSE:VMC)

Leavell Investment Management Inc. lessened its position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,190 shares of the construction company's stock after selling 2,155 shares during the period. Leavell Investment Management Inc.'s holdings in Vulcan Materials were worth $11,709,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its holdings in shares of Vulcan Materials by 3.4% in the 1st quarter. Nisa Investment Advisors LLC now owns 17,691 shares of the construction company's stock valued at $4,127,000 after purchasing an additional 576 shares in the last quarter. Harvey Capital Management Inc. lifted its position in shares of Vulcan Materials by 0.5% during the 1st quarter. Harvey Capital Management Inc. now owns 19,466 shares of the construction company's stock worth $4,541,000 after buying an additional 105 shares during the last quarter. Values First Advisors Inc. boosted its stake in Vulcan Materials by 16.1% in the first quarter. Values First Advisors Inc. now owns 1,453 shares of the construction company's stock valued at $339,000 after buying an additional 202 shares in the last quarter. Brown Advisory Inc. grew its position in Vulcan Materials by 336.1% in the first quarter. Brown Advisory Inc. now owns 147,462 shares of the construction company's stock valued at $34,403,000 after acquiring an additional 113,648 shares during the last quarter. Finally, Jessup Wealth Management Inc raised its stake in Vulcan Materials by 4.9% during the first quarter. Jessup Wealth Management Inc now owns 29,359 shares of the construction company's stock worth $6,849,000 after acquiring an additional 1,365 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VMC shares. Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Raymond James Financial lowered their price target on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a report on Tuesday, April 29th. Stifel Nicolaus increased their price target on Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Finally, UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and upped their target price for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Trading Down 0.8%

NYSE:VMC traded down $2.13 on Friday, reaching $268.60. 1,101,620 shares of the stock traded hands, compared to its average volume of 985,161. The company has a current ratio of 2.42, a quick ratio of 1.51 and a debt-to-equity ratio of 0.60. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $298.31. The company's 50 day moving average is $265.70 and its 200-day moving average is $256.32. The firm has a market capitalization of $35.48 billion, a price-to-earnings ratio of 38.10, a price-to-earnings-growth ratio of 2.40 and a beta of 0.82.

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 for the quarter, topping analysts' consensus estimates of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. Vulcan Materials's quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.80 earnings per share. Equities research analysts anticipate that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.73%. Vulcan Materials's payout ratio is 27.80%.

Insider Buying and Selling

In other Vulcan Materials 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 approximately $764,640. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.61% of the stock is 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.