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

Poinciana Advisors Group LLC acquired a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 985 shares of the construction company's stock, valued at approximately $230,000.

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

Vulcan Materials Price Performance

NYSE:VMC opened at $269.52 on Thursday. The stock has a market cap of $35.60 billion, a PE ratio of 38.23, a P/E/G ratio of 2.37 and a beta of 0.82. Vulcan Materials Company has a one year low of $215.08 and a one year high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.51 and a current ratio of 2.42. The stock has a 50 day moving average price of $265.54 and a 200 day moving average price of $256.35.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.91% and a net margin of 12.50%. The company's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the business posted $0.80 earnings per share. Equities research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio is presently 27.80%.

Wall Street Analyst Weigh In

VMC has been the subject of several recent analyst reports. Loop Capital reduced their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Wolfe Research upgraded Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Stifel Nicolaus lifted their target price on Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Morgan Stanley boosted their price objective on Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Finally, Citigroup restated a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Insider Activity 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 completion of the transaction, the senior vice president directly owned 2,832 shares in the company, valued at $764,640. The trade was a 34.63% decrease in their position. The sale 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.

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.

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