Strategic Wealth Partners Ltd. Buys 4,696 Shares of Vulcan Materials (NYSE:VMC)

Strategic Wealth Partners Ltd. increased its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 27.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 22,006 shares of the construction company's stock after acquiring an additional 4,696 shares during the period. Strategic Wealth Partners Ltd.'s holdings in Vulcan Materials were worth $5,927,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Barclays PLC raised its position in shares of Vulcan Materials by 29.0% during the 3rd quarter. Barclays PLC now owns 472,194 shares of the construction company's stock worth $118,251,000 after purchasing an additional 106,187 shares during the period. Park Avenue Securities LLC lifted its position in shares of Vulcan Materials by 3.9% during the 4th quarter. Park Avenue Securities LLC now owns 2,845 shares of the construction company's stock valued at $732,000 after acquiring an additional 108 shares during the last quarter. Empirical Asset Management LLC raised its holdings in Vulcan Materials by 98.6% during the 4th quarter. Empirical Asset Management LLC now owns 2,387 shares of the construction company's stock worth $614,000 after buying an additional 1,185 shares during the period. Avanza Fonder AB acquired a new position in Vulcan Materials in the 4th quarter worth approximately $3,168,000. Finally, Merit Financial Group LLC acquired a new position in Vulcan Materials during the fourth quarter valued at $263,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently issued reports on VMC shares. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research note on Monday, March 24th. Loop Capital cut their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and raised their price target for the company from $280.00 to $318.00 in a report on Friday. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Finally, Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Three equities research 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $302.91.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction dated 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 now owns 2,832 shares in the company, valued at $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.62% of the company's stock.

Vulcan Materials Price Performance

NYSE VMC traded down $2.63 during trading hours on Tuesday, reaching $273.38. 651,195 shares of the stock traded hands, compared to its average volume of 944,897. The company has a market cap of $36.11 billion, a price-to-earnings ratio of 39.91, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The stock has a 50 day simple moving average of $247.65 and a two-hundred day simple moving average of $260.53. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02.

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 the consensus estimate of $0.80 by $0.20. The firm had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The company's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $0.80 EPS. On average, analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be paid a dividend of $0.49 per share. The ex-dividend date is Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials's dividend payout ratio is presently 27.80%.

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.