Pallas Capital Advisors LLC Invests $585,000 in Vulcan Materials (NYSE:VMC)

Pallas Capital Advisors LLC acquired a new stake in shares of Vulcan Materials (NYSE:VMC - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,506 shares of the construction company's stock, valued at approximately $585,000.

Several other institutional investors have also bought and sold shares of the business. Murphy & Mullick Capital Management Corp bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $31,000. Generali Asset Management SPA SGR bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $32,000. Kapitalo Investimentos Ltda bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $35,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Vulcan Materials in the 4th quarter worth about $46,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Down 1.8%

NYSE VMC traded down $4.85 during trading on Friday, reaching $260.68. 621,664 shares of the company's stock traded hands, compared to its average volume of 968,880. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The firm has a market cap of $34.44 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company's 50 day simple moving average is $258.49 and its two-hundred day simple moving average is $258.46. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The company's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 EPS. As a group, sell-side analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio (DPR) is 27.80%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 19th. Stephens set a $315.00 target price on shares of Vulcan Materials and gave the stock an "overweight" rating in a report on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a report on Monday, May 12th. Stifel Nicolaus lifted their price objective on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, Wolfe Research upgraded shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $302.91.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the transaction, the senior vice president now owns 2,832 shares of the company's stock, valued at approximately $764,640. This trade represents a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.62% of the company's stock.

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.