Vulcan Materials (NYSE:VMC) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 22.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,120 shares of the construction company's stock after buying an additional 2,034 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Vulcan Materials were worth $2,860,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. DAVENPORT & Co LLC boosted its holdings in shares of Vulcan Materials by 149.4% in the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock valued at $2,416,000 after acquiring an additional 5,627 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Vulcan Materials by 42.9% in the fourth quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company's stock valued at $926,000 after purchasing an additional 1,081 shares during the period. Wellington Management Group LLP lifted its position in Vulcan Materials by 5.6% in the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock valued at $249,000 after purchasing an additional 51 shares during the period. Savant Capital LLC boosted its holdings in Vulcan Materials by 24.2% in the 4th quarter. Savant Capital LLC now owns 2,573 shares of the construction company's stock valued at $662,000 after purchasing an additional 501 shares in the last quarter. Finally, Legato Capital Management LLC acquired a new position in Vulcan Materials during the 4th quarter worth approximately $743,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of NYSE VMC traded down $0.95 on Friday, hitting $264.73. The company's stock had a trading volume of 729,682 shares, compared to its average volume of 966,432. The stock has a 50 day moving average of $254.83 and a 200-day moving average of $259.27. The company has a market capitalization of $34.97 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted 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 firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. Vulcan Materials's revenue was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. As a group, research analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed 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. This represents a $1.96 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Friday, May 23rd. Vulcan Materials's dividend payout ratio is presently 27.80%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and lifted their price target for the company from $280.00 to $318.00 in a research note on Friday, May 16th. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Royal Bank of Canada upped 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 note on Wednesday, February 19th. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Finally, Loop Capital decreased their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of "Moderate Buy" and an average price target of $302.91.

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 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 sale, the senior vice president now directly owns 2,832 shares of the company's stock, valued at $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 is accessible through this link. 0.61% of the stock is currently owned by company insiders.

Vulcan Materials Company 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.