1,289 Shares in Vulcan Materials (NYSE:VMC) Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,289 shares of the construction company's stock, valued at approximately $332,000.

A number of other hedge funds and other institutional investors have also modified their holdings of VMC. DAVENPORT & Co LLC boosted its position in Vulcan Materials by 149.4% during the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock worth $2,416,000 after acquiring an additional 5,627 shares during the period. Smith Group Asset Management LLC acquired a new stake in Vulcan Materials during the 4th quarter worth about $514,000. SYM FINANCIAL Corp acquired a new stake in Vulcan Materials during the 4th quarter worth about $249,000. Jones Financial Companies Lllp boosted its position in Vulcan Materials by 42.9% during the 4th quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock worth $926,000 after acquiring an additional 1,081 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in Vulcan Materials during the 4th quarter worth about $829,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

VMC has been the subject of a number of research reports. Stifel Nicolaus raised their price objective on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Wolfe Research upgraded Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Loop Capital cut their price target on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research note on Tuesday, April 1st. Raymond James cut their price target on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday, April 29th. 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $302.91.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded down $0.19 on Friday, hitting $265.12. The stock had a trading volume of 1,480,929 shares, compared to its average volume of 964,954. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The firm's 50 day moving average price is $251.98 and its 200-day moving average price is $259.90. The company has a market capitalization of $35.02 billion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, beating 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 company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the company earned $0.80 EPS. The firm's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared 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 is Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.74%. Vulcan Materials's dividend payout ratio (DPR) is 27.80%.

Insider Buying and Selling

In related news, SVP David P. Clement sold 1,500 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the transaction, the senior vice president now owns 2,832 shares in the company, valued at $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by corporate insiders.

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.