Tidal Investments LLC Buys 3,043 Shares of Vulcan Materials (NYSE:VMC)

Tidal Investments LLC grew its stake in Vulcan Materials (NYSE:VMC - Free Report) by 14.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,704 shares of the construction company's stock after purchasing an additional 3,043 shares during the quarter. Tidal Investments LLC's holdings in Vulcan Materials were worth $6,355,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of VMC. Murphy & Mullick Capital Management Corp bought a new position in shares of Vulcan Materials in the fourth quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in Vulcan Materials during the fourth quarter worth about $31,000. Generali Asset Management SPA SGR bought a new position in Vulcan Materials during the fourth quarter worth about $32,000. Kapitalo Investimentos Ltda bought a new position in Vulcan Materials during the fourth quarter worth about $35,000. Finally, UMB Bank n.a. increased its position in Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after acquiring an additional 108 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Up 0.1%

VMC opened at $275.68 on Tuesday. The company's 50 day moving average is $246.69 and its 200-day moving average is $260.44. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. 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 cap of $36.42 billion, a P/E ratio of 40.25, a PEG ratio of 2.03 and a beta of 0.84.

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. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period last year, the company earned $0.80 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. Equities research analysts predict that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.71%. Vulcan Materials's dividend payout ratio is presently 27.80%.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.62% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

VMC has been the topic of a number of recent research reports. Raymond James lowered their price target on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 29th. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Royal Bank of Canada raised their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 19th. UBS Group upgraded shares of Vulcan Materials from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $280.00 to $318.00 in a research note on Friday. Finally, Morgan Stanley increased their price objective on shares of Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Three investment 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's stock. Based on data from MarketBeat, Vulcan Materials has an average rating of "Moderate Buy" and a consensus target price of $302.91.

About Vulcan Materials

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.

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