Wealth Enhancement Advisory Services LLC Buys 4,678 Shares of Vulcan Materials Company (NYSE:VMC)

Wealth Enhancement Advisory Services LLC boosted its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 42.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,798 shares of the construction company's stock after purchasing an additional 4,678 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Vulcan Materials were worth $3,686,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC lifted its holdings in shares of Vulcan Materials by 2.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock worth $461,000 after buying an additional 44 shares during the last quarter. Alpha Omega Wealth Management LLC raised its stake in Vulcan Materials by 1.1% during the first quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock worth $1,012,000 after acquiring an additional 46 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after acquiring an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC raised its stake in Vulcan Materials by 4.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock worth $301,000 after acquiring an additional 48 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Vulcan Materials by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after acquiring an additional 51 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $257.27 on Friday. The business's 50-day simple moving average is $262.01 and its 200 day simple moving average is $256.76. The stock has a market cap of $33.99 billion, a price-to-earnings ratio of 36.49, a P/E/G ratio of 2.26 and a beta of 0.84. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $298.31. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60.

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

Vulcan Materials Dividend Announcement

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

Insider Activity at Vulcan Materials

In related 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 value of $405,000.00. Following 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.62% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VMC. Morgan Stanley increased their price objective on Vulcan Materials from $273.00 to $303.00 and gave the stock an "equal weight" rating in a research note on Monday, May 12th. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. JPMorgan Chase & Co. upgraded 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 note on Wednesday, March 19th. Citigroup restated a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. Finally, Stifel Nicolaus increased their target price on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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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