SG Americas Securities LLC Buys 103,247 Shares of Vulcan Materials Company $VMC

Key Points

• SG Americas Securities LLC bought 103,247 shares of Vulcan Materials in Q4, boosting its stake by 5,349.6% to 105,177 shares (about $30.0M), equal to roughly 0.08% of the company.
• Vulcan missed Q4 expectations with $1.70 EPS versus a $2.11 consensus and $1.91B revenue versus $1.95B, and it raised its quarterly dividend to $0.52 ($2.08 annual, ~0.8% yield).

SG Americas Securities LLC increased its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 5,349.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 105,177 shares of the construction company's stock after buying an additional 103,247 shares during the period. SG Americas Securities LLC owned 0.08% of Vulcan Materials worth $29,999,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Fulton Bank N.A. raised its stake in Vulcan Materials by 4.1% during the third quarter. Fulton Bank N.A. now owns 960 shares of the construction company's stock valued at $295,000 after buying an additional 38 shares during the last quarter. Harfst & Associates Inc. boosted its holdings in Vulcan Materials by 0.6% in the third quarter. Harfst & Associates Inc. now owns 6,416 shares of the construction company's stock worth $1,974,000 after acquiring an additional 38 shares in the last quarter. United Capital Financial Advisors LLC grew its stake in shares of Vulcan Materials by 1.2% in the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company's stock worth $952,000 after acquiring an additional 38 shares during the last quarter. Massachusetts Wealth Management increased its holdings in shares of Vulcan Materials by 0.7% during the third quarter. Massachusetts Wealth Management now owns 5,470 shares of the construction company's stock valued at $1,683,000 after acquiring an additional 40 shares in the last quarter. Finally, Bollard Group LLC increased its holdings in shares of Vulcan Materials by 5.3% during the second quarter. Bollard Group LLC now owns 819 shares of the construction company's stock valued at $214,000 after acquiring an additional 41 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Trading Up 1.0%

Shares of NYSE:VMC opened at $269.27 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.69 and a quick ratio of 1.97. Vulcan Materials Company has a 1 year low of $218.87 and a 1 year high of $331.09. The company has a market cap of $35.16 billion, a P/E ratio of 33.16, a PEG ratio of 1.86 and a beta of 1.05. The stock's fifty day moving average price is $296.02 and its 200-day moving average price is $295.22.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Tuesday, February 17th. The construction company reported $1.70 EPS for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The business had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the previous year, the business posted $2.17 earnings per share. Vulcan Materials's quarterly revenue was up 3.2% compared to the same quarter last year. Sell-side analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 23rd. Stockholders of record on Monday, March 9th were paid a $0.52 dividend. This is a boost from Vulcan Materials's previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, March 9th. Vulcan Materials's dividend payout ratio (DPR) is presently 25.62%.

Insider Activity at Vulcan Materials

In other 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 transaction of $345,329.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VMC has been the subject of several recent analyst reports. B. Riley Financial initiated coverage on Vulcan Materials in a research report on Thursday, January 15th. They issued a "buy" rating and a $345.00 price target for the company. Wall Street Zen lowered shares of Vulcan Materials from a "hold" rating to a "sell" rating in a research note on Saturday, February 21st. Truist Financial lifted their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, February 19th. Zacks Research downgraded shares of Vulcan Materials from a "hold" rating to a "strong sell" rating in a research note on Wednesday, March 11th. Finally, Royal Bank Of Canada cut their price target on shares of Vulcan Materials from $316.00 to $296.00 and set a "sector perform" rating on the stock in a report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $326.29.

Vulcan Materials Profile

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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