Poinciana Advisors Group LLC Purchases Shares of 985 Vulcan Materials Company (NYSE:VMC)

Poinciana Advisors Group LLC acquired a new stake in Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 985 shares of the construction company's stock, valued at approximately $230,000.

Other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC boosted its position in shares of Vulcan Materials by 21.0% during the first quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company's stock valued at $222,000 after buying an additional 165 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Vulcan Materials by 42.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company's stock valued at $3,686,000 after acquiring an additional 4,678 shares during the period. Exchange Traded Concepts LLC boosted its holdings in shares of Vulcan Materials by 24.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company's stock valued at $215,000 after acquiring an additional 180 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Vulcan Materials by 27.2% in the first quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company's stock worth $398,000 after acquiring an additional 365 shares during the period. Finally, Wellington Management Group LLP raised its holdings in shares of Vulcan Materials by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock valued at $249,000 after purchasing an additional 51 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

NYSE:VMC traded down $2.13 during trading hours on Friday, hitting $268.60. 1,101,620 shares of the stock traded hands, compared to its average volume of 985,161. The company has a market cap 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 Company has a 1 year low of $215.08 and a 1 year high of $298.31. The stock has a 50 day moving average price of $265.70 and a 200 day moving average price of $256.32. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The company had revenue of $1.63 billion for the quarter, compared to analysts' expectations of $1.64 billion. During the same quarter in the previous year, the company earned $0.80 EPS. Vulcan Materials's revenue for the quarter was up 5.8% on a year-over-year basis. Sell-side analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.73%. Vulcan Materials's dividend payout ratio (DPR) is 27.80%.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction that occurred 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 owned 2,832 shares of the company's stock, valued at approximately $764,640. This trade represents a 34.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.61% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

VMC has been the topic of several research reports. Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. JPMorgan Chase & Co. raised Vulcan Materials from a "neutral" rating to an "overweight" rating and lowered their price target for the company from $290.00 to $285.00 in a report on Wednesday, March 19th. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and increased their target price for the company from $280.00 to $318.00 in a report on Friday, May 16th. Finally, Stephens set a $315.00 target price on Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Three equities research 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 stock. Based on data from MarketBeat.com, Vulcan Materials 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.