NBC Securities Inc. Acquires 2,510 Shares of Vulcan Materials (NYSE:VMC)

NBC Securities Inc. increased its stake in Vulcan Materials (NYSE:VMC - Free Report) by 125,500.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 2,512 shares of the construction company's stock after buying an additional 2,510 shares during the quarter. NBC Securities Inc.'s holdings in Vulcan Materials were worth $586,000 at the end of the most recent quarter.

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

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded down $0.95 during trading on Friday, hitting $264.73. The stock had a trading volume of 729,682 shares, compared to its average volume of 966,432. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31. The firm has a market cap of $34.97 billion, a price-to-earnings ratio of 38.65, a P/E/G ratio of 2.03 and a beta of 0.84. The business's 50-day moving average is $254.83 and its 200 day moving average is $259.27.

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 (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.20. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business posted $0.80 earnings per share. Vulcan Materials's revenue for the quarter was up 5.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Announces Dividend

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

Insiders Place Their Bets

In other Vulcan Materials 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 value of $405,000.00. Following the completion of the sale, the senior vice president now directly owns 2,832 shares of the company's stock, 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 the SEC website. 0.61% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Argus upgraded Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Raymond James reduced their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. Citigroup restated a "buy" rating on shares of Vulcan Materials in a research note on Monday, March 24th. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Finally, Seaport Res Ptn raised shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Three 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 company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $302.91.

Vulcan Materials 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.