Sanctuary Advisors LLC Acquires 17,306 Shares of Vulcan Materials Company $VMC

Key Points

• Sanctuary Advisors LLC boosted its stake in Vulcan Materials by 87.4%, buying 17,306 shares to hold 37,109 shares valued at about $10.584 million at the end of the quarter.
• Vulcan Materials reported quarterly EPS of $1.70 and revenue of $1.91 billion, missing analyst expectations of $2.11 EPS and $1.95 billion revenue, though revenue was up 3.2% year-over-year.
• The company raised its quarterly dividend to $0.52 (annualized $2.08) for a ~0.7% yield, and institutional investors now own roughly 90.39% of the stock.

Sanctuary Advisors LLC grew its holdings in Vulcan Materials Company (NYSE:VMC - Free Report) by 87.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,109 shares of the construction company's stock after purchasing an additional 17,306 shares during the period. Sanctuary Advisors LLC's holdings in Vulcan Materials were worth $10,584,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of VMC. Brighton Jones LLC bought a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $497,000. NewEdge Advisors LLC raised its position in shares of Vulcan Materials by 3.9% in the first quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company's stock valued at $1,017,000 after purchasing an additional 163 shares during the period. Empowered Funds LLC raised its position in shares of Vulcan Materials by 6.3% in the first quarter. Empowered Funds LLC now owns 3,195 shares of the construction company's stock valued at $745,000 after purchasing an additional 190 shares during the period. Focus Partners Wealth raised its position in shares of Vulcan Materials by 28.5% in the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company's stock valued at $775,000 after purchasing an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. grew its stake in Vulcan Materials by 31.5% during the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company's stock valued at $78,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $291.67 on Tuesday. The company has a 50 day moving average of $284.73 and a 200 day moving average of $292.99. The stock has a market cap of $38.05 billion, a P/E ratio of 35.92, a P/E/G ratio of 2.20 and a beta of 1.10. Vulcan Materials Company has a 12 month low of $241.91 and a 12 month high of $331.09. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing analysts' consensus estimates of $2.11 by ($0.41). Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The company had revenue of $1.91 billion during the quarter, compared to analysts' expectations of $1.95 billion. During the same period in the prior year, the firm earned $2.17 EPS. Vulcan Materials's quarterly revenue was up 3.2% on a year-over-year basis. As a group, sell-side analysts forecast that Vulcan Materials Company will post 9.17 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a $0.52 dividend. The ex-dividend date of this dividend was Monday, March 9th. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. This is a boost from Vulcan Materials's previous quarterly dividend of $0.49. Vulcan Materials's dividend payout ratio is presently 25.62%.

Insider Buying and Selling

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the business's stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on VMC. Raymond James Financial reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Vulcan Materials in a research note on Monday. Royal Bank Of Canada reduced their price objective on shares of Vulcan Materials from $316.00 to $296.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Truist Financial boosted their price objective on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, February 19th. Finally, Wall Street Zen cut shares of Vulcan Materials from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. Nine equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and a consensus price target of $323.69.

About Vulcan Materials

Vulcan Materials Company NYSE: VMC is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company's primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.

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