Campbell Newman Asset Management Inc. Has $15.06 Million Stock Position in Vulcan Materials (NYSE:VMC)

Campbell Newman Asset Management Inc. boosted its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 5.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,569 shares of the construction company's stock after purchasing an additional 3,460 shares during the quarter. Campbell Newman Asset Management Inc.'s holdings in Vulcan Materials were worth $15,064,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp bought a new stake in Vulcan Materials during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new position in Vulcan Materials during the fourth quarter worth $31,000. Generali Asset Management SPA SGR acquired a new position in Vulcan Materials during the 4th quarter valued at $32,000. Kapitalo Investimentos Ltda bought a new stake in Vulcan Materials in the 4th quarter valued at $35,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Vulcan Materials in the 4th quarter worth $46,000. Institutional investors own 90.39% of the company's stock.

Insider Activity

In other news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the sale, the senior vice president now directly owns 2,832 shares in the company, valued at approximately $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.62% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Loop Capital cut their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley boosted their price target on Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and reduced their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Stephens set a $315.00 price objective on Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Citigroup restated a "buy" rating on shares of Vulcan Materials in a research note on Monday, March 24th. Three investment 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 company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $302.91.

Vulcan Materials Price Performance

Vulcan Materials stock traded down $4.85 during mid-day trading on Friday, hitting $260.68. 621,664 shares of the company were exchanged, compared to its average volume of 970,292. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The business has a fifty day moving average of $258.49 and a 200 day moving average of $258.27. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. The company has a market capitalization of $34.44 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the company posted $0.80 earnings per share. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, sell-side analysts expect that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.96 annualized dividend and a yield of 0.75%. Vulcan Materials's dividend payout ratio is currently 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.