Poinciana Advisors Group LLC Makes New $230,000 Investment in Vulcan Materials Company (NYSE:VMC)

Poinciana Advisors Group LLC purchased a new stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 985 shares of the construction company's stock, valued at approximately $230,000.

Other hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in Vulcan Materials during the 4th quarter valued at approximately $380,369,000. BNP Paribas Financial Markets lifted its position in Vulcan Materials by 239.8% in the fourth quarter. BNP Paribas Financial Markets now owns 739,003 shares of the construction company's stock worth $190,094,000 after purchasing an additional 521,508 shares during the period. Alkeon Capital Management LLC increased its holdings in Vulcan Materials by 54.1% in the 4th quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock valued at $329,769,000 after buying an additional 450,000 shares during the period. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock valued at $1,518,291,000 after buying an additional 445,691 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. lifted its holdings in shares of Vulcan Materials by 271.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 559,643 shares of the construction company's stock worth $143,957,000 after acquiring an additional 408,803 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Trading Up 0.1%

Shares of NYSE:VMC traded up $0.36 during midday trading on Thursday, hitting $270.31. The company had a trading volume of 974,802 shares, compared to its average volume of 983,758. 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 12 month low of $215.08 and a 12 month high of $298.31. The firm has a fifty day simple moving average of $265.54 and a 200 day simple moving average of $256.35. The stock has a market cap of $35.71 billion, a price-to-earnings ratio of 38.34, a PEG ratio of 2.41 and a beta of 0.82.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating the consensus estimate of $0.80 by $0.20. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm earned $0.80 earnings per share. The business's quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts predict that Vulcan Materials Company will post 8.69 EPS for the current 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 paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 0.73%. Vulcan Materials's payout ratio is 27.80%.

Insider Activity

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 owned 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. 0.62% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on VMC shares. Stifel Nicolaus raised their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Seaport Res Ptn raised shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Wolfe Research raised shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Finally, Raymond James Financial dropped their price objective 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. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and a consensus price target of $302.91.

About Vulcan Materials

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.