Wealthfront Advisers LLC Boosts Holdings in Vulcan Materials Company (NYSE:VMC)

Wealthfront Advisers LLC boosted its holdings in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 11.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,211 shares of the construction company's stock after acquiring an additional 1,126 shares during the quarter. Wealthfront Advisers LLC's holdings in Vulcan Materials were worth $2,616,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in VMC. Apollon Wealth Management LLC lifted its position in shares of Vulcan Materials by 10.7% in the 1st quarter. Apollon Wealth Management LLC now owns 1,283 shares of the construction company's stock worth $299,000 after purchasing an additional 124 shares during the period. Hohimer Wealth Management LLC acquired a new position in shares of Vulcan Materials in the 1st quarter worth approximately $529,000. MQS Management LLC acquired a new position in shares of Vulcan Materials in the 1st quarter worth approximately $880,000. Marks Group Wealth Management Inc lifted its position in shares of Vulcan Materials by 2.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 2,203 shares of the construction company's stock worth $514,000 after purchasing an additional 57 shares during the period. Finally, CWM LLC lifted its position in shares of Vulcan Materials by 102.5% during the 1st quarter. CWM LLC now owns 10,036 shares of the construction company's stock valued at $2,341,000 after acquiring an additional 5,081 shares during the period. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

VMC has been the topic of a number of research reports. Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Argus upgraded shares of Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Stephens set a $315.00 target price on shares of Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus boosted their target price on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Loop Capital dropped their target price on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and a consensus target price of $302.91.

Vulcan Materials Stock Up 1.4%

Shares of NYSE VMC traded up $3.76 during trading on Friday, hitting $266.77. The stock had a trading volume of 800,181 shares, compared to its average volume of 990,795. Vulcan Materials Company 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 2.42 and a quick ratio of 1.51. The company has a market capitalization of $35.24 billion, a PE ratio of 37.84, a PEG ratio of 2.38 and a beta of 0.82. The firm has a fifty day moving average of $265.31 and a two-hundred day moving average of $256.53.

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 for the quarter, beating the consensus estimate of $0.80 by $0.20. The company had revenue of $1.63 billion during 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 revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, equities research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be given a $0.49 dividend. The ex-dividend date is Thursday, August 14th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.73%. Vulcan Materials's dividend payout ratio (DPR) is currently 27.80%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the transaction, the senior vice president directly owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.62% of the company's stock.

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.