Park Edge Advisors LLC Makes New $361,000 Investment in Vulcan Materials (NYSE:VMC)

Park Edge Advisors LLC bought a new stake in Vulcan Materials (NYSE:VMC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,549 shares of the construction company's stock, valued at approximately $361,000.

Other institutional investors have also added to or reduced their stakes in the company. DAVENPORT & Co LLC lifted its holdings in Vulcan Materials by 149.4% in the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock worth $2,416,000 after buying an additional 5,627 shares during the period. Jones Financial Companies Lllp grew its position in Vulcan Materials by 42.9% in the 4th quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock worth $926,000 after purchasing an additional 1,081 shares during the period. Wellington Management Group LLP grew its position in Vulcan Materials by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after purchasing an additional 51 shares during the period. Savant Capital LLC boosted its stake in shares of Vulcan Materials by 24.2% during the 4th quarter. Savant Capital LLC now owns 2,573 shares of the construction company's stock worth $662,000 after acquiring an additional 501 shares during the last quarter. Finally, Legato Capital Management LLC purchased a new stake in Vulcan Materials in the 4th quarter worth $743,000. Institutional investors own 90.39% of the company's stock.

Insider Buying and Selling

In other news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction dated Thursday, May 15th. The stock was 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 in the company, valued at $764,640. The trade was a 34.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.61% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Stephens set a $315.00 target price on shares of Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their target price for the company from $290.00 to $285.00 in a research report on Wednesday, March 19th. Finally, Morgan Stanley increased their price target on shares of Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. 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 stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Stock Down 0.4%

Shares of VMC traded down $0.95 during trading hours on Friday, reaching $264.73. The company's stock had a trading volume of 729,682 shares, compared to its average volume of 969,124. 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. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $255.38 and a two-hundred day moving average of $259.18.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. Vulcan Materials's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.80 earnings per share. As a group, research analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a $0.49 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.74%. Vulcan Materials's dividend payout ratio (DPR) is presently 27.80%.

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.