Schechter Investment Advisors LLC Sells 1,668 Shares of Vulcan Materials Company (NYSE:VMC)

Schechter Investment Advisors LLC reduced its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 14.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,143 shares of the construction company's stock after selling 1,668 shares during the quarter. Schechter Investment Advisors LLC's holdings in Vulcan Materials were worth $2,366,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMC. B & T Capital Management DBA Alpha Capital Management grew its stake in shares of Vulcan Materials by 2.2% in the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 20,154 shares of the construction company's stock worth $4,702,000 after purchasing an additional 441 shares during the last quarter. Xponance Inc. boosted its position in Vulcan Materials by 1.9% during the 1st quarter. Xponance Inc. now owns 21,440 shares of the construction company's stock valued at $5,002,000 after acquiring an additional 398 shares in the last quarter. Cerity Partners LLC boosted its position in Vulcan Materials by 74.0% during the 1st quarter. Cerity Partners LLC now owns 23,332 shares of the construction company's stock valued at $5,443,000 after acquiring an additional 9,923 shares in the last quarter. Allworth Financial LP boosted its position in Vulcan Materials by 10.0% during the 1st quarter. Allworth Financial LP now owns 651 shares of the construction company's stock valued at $163,000 after acquiring an additional 59 shares in the last quarter. Finally, Poinciana Advisors Group LLC bought a new stake in Vulcan Materials during the 1st quarter valued at approximately $230,000. 90.39% of the stock is owned by institutional investors.

Insider Activity

In other news, SVP David P. Clement sold 1,500 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the sale, the senior vice president owned 2,832 shares of the company's stock, valued at $764,640. The trade was a 34.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.61% of the stock is currently owned by insiders.

Vulcan Materials Stock Performance

NYSE:VMC traded up $0.76 during trading hours on Monday, reaching $269.76. The company had a trading volume of 768,637 shares, compared to its average volume of 984,295. 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 52 week low of $215.08 and a 52 week high of $298.31. The firm has a market cap of $35.64 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 2.40 and a beta of 0.82. The firm's 50 day moving average price is $265.70 and its 200-day moving average price is $256.32.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping 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 business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the firm posted $0.80 EPS. The firm's revenue was up 5.8% on a year-over-year basis. On average, analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

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 given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, August 14th. Vulcan Materials's payout ratio is 27.80%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on VMC shares. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $280.00 to $318.00 in a research report on Friday, May 16th. Stephens set a $315.00 target price on shares of Vulcan Materials and gave the company an "overweight" rating in a report on Thursday, May 1st. Stifel Nicolaus lifted their target price on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. Finally, Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $302.91.

Vulcan Materials Company 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.