Vulcan Materials Company (NYSE:VMC) Shares Bought by Golden State Wealth Management LLC

Golden State Wealth Management LLC raised its position in Vulcan Materials Company (NYSE:VMC - Free Report) by 294.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,102 shares of the construction company's stock after buying an additional 2,316 shares during the quarter. Golden State Wealth Management LLC's holdings in Vulcan Materials were worth $724,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Vulcan Materials by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 16,352,507 shares of the construction company's stock valued at $4,206,355,000 after buying an additional 90,157 shares during the period. Geode Capital Management LLC increased its stake in Vulcan Materials by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 3,348,418 shares of the construction company's stock valued at $859,171,000 after buying an additional 36,833 shares during the period. Stockbridge Partners LLC grew its stake in shares of Vulcan Materials by 11.3% during the 4th quarter. Stockbridge Partners LLC now owns 1,746,482 shares of the construction company's stock worth $449,248,000 after purchasing an additional 177,918 shares during the period. Norges Bank acquired a new position in shares of Vulcan Materials during the 4th quarter worth $380,369,000. Finally, Alkeon Capital Management LLC grew its stake in shares of Vulcan Materials by 54.1% during the 4th quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock worth $329,769,000 after purchasing an additional 450,000 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and lowered their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, March 19th. Seaport Res Ptn raised shares of Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Stifel Nicolaus upped their price target on shares of Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Raymond James Financial 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 note on Tuesday, April 29th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $302.91.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials 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 value of $405,000.00. Following the transaction, the senior vice president now directly owns 2,832 shares in the company, valued at approximately $764,640. This represents a 34.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.62% of the stock is owned by insiders.

Vulcan Materials Price Performance

NYSE:VMC opened at $257.27 on Friday. The firm has a market cap of $33.99 billion, a price-to-earnings ratio of 36.49, a price-to-earnings-growth ratio of 2.26 and a beta of 0.84. The company has a current ratio of 2.42, a quick ratio of 1.51 and a debt-to-equity ratio of 0.60. The company's 50-day moving average is $262.01 and its two-hundred day moving average is $256.76. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.80 EPS. Research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.49 dividend. The ex-dividend date was Friday, May 23rd. This represents a $1.96 dividend on an annualized basis and a yield of 0.76%. Vulcan Materials's dividend payout ratio (DPR) is 27.80%.

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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