Whalen Wealth Management Inc. Invests $642,000 in Vulcan Materials Company (NYSE:VMC)

Whalen Wealth Management Inc. bought a new position in shares of Vulcan Materials Company (NYSE:VMC - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,753 shares of the construction company's stock, valued at approximately $642,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Opal Wealth Advisors LLC bought a new position in shares of Vulcan Materials in the first quarter worth $27,000. Murphy & Mullick Capital Management Corp bought a new position in shares of Vulcan Materials in the fourth quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in shares of Vulcan Materials in the fourth quarter worth $31,000. Generali Asset Management SPA SGR bought a new position in shares of Vulcan Materials in the fourth quarter worth $32,000. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Vulcan Materials in the fourth quarter worth $35,000. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Stephens set a $315.00 price target on Vulcan Materials and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Finally, Wolfe Research upgraded Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Three 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $302.91.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $255.50 on Monday. The stock has a market cap of $33.75 billion, a PE ratio of 36.24, a P/E/G ratio of 2.27 and a beta of 0.84. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60. The business's 50-day moving average price is $260.67 and its two-hundred day moving average price is $257.06. 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 quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.20. The company 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 business's quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 earnings per share. As a group, analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend was Friday, May 23rd. Vulcan Materials's dividend payout ratio (DPR) is currently 27.80%.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was 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 in the company, valued at approximately $764,640. The trade was a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.61% of the company's stock.

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.

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