Procyon Advisors LLC Acquires 1,746 Shares of Vulcan Materials (NYSE:VMC)

Procyon Advisors LLC boosted its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 8.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,806 shares of the construction company's stock after acquiring an additional 1,746 shares during the period. Procyon Advisors LLC's holdings in Vulcan Materials were worth $5,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Vulcan Materials during the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Vulcan Materials during the fourth quarter worth $31,000. Generali Asset Management SPA SGR acquired a new position in shares of Vulcan Materials during the fourth quarter worth $32,000. Kapitalo Investimentos Ltda acquired a new position in shares of Vulcan Materials during the fourth quarter worth $35,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Vulcan Materials during the fourth quarter worth $46,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Vulcan Materials Stock Up 0.5%

NYSE VMC traded up $1.25 during trading on Monday, hitting $266.06. 655,934 shares of the company traded hands, compared to its average volume of 967,872. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $35.15 billion, a P/E ratio of 38.84, a PEG ratio of 2.03 and a beta of 0.84. The business has a fifty day simple moving average of $255.38 and a 200 day simple moving average of $258.90. 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 issued its quarterly earnings data 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 analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.80 EPS. As a group, sell-side analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio is currently 27.80%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on VMC. Citigroup restated a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. 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 decreased their target price for the company from $290.00 to $285.00 in a research report on Wednesday, March 19th. Royal Bank of Canada upped their target price on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 19th. Finally, Raymond James decreased their target price on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research 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 company. According to MarketBeat, Vulcan Materials currently has an average rating of "Moderate Buy" and a consensus price target of $302.91.

Insiders Place Their Bets

In related news, SVP David P. Clement sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the sale, the senior vice president now owns 2,832 shares in the company, valued at approximately $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company 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.