Vulcan Materials (NYSE:VMC) Shares Sold by Raymond James & Associates

Raymond James & Associates lowered its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 8.5% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,560 shares of the construction company's stock after selling 18,336 shares during the period. Raymond James & Associates owned approximately 0.15% of Vulcan Materials worth $53,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Register Financial Advisors LLC acquired a new stake in Vulcan Materials during the first quarter worth $27,000. Opal Wealth Advisors LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth about $33,000. Exchange Traded Concepts LLC purchased a new stake in Vulcan Materials in the 4th quarter valued at about $28,000. Private Wealth Management Group LLC acquired a new position in Vulcan Materials in the fourth quarter valued at about $45,000. Finally, Trust Co. of Vermont boosted its stake in Vulcan Materials by 144.0% during the fourth quarter. Trust Co. of Vermont now owns 244 shares of the construction company's stock worth $55,000 after buying an additional 144 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Up 0.0 %

Shares of NYSE:VMC traded up $0.03 on Friday, hitting $264.44. 809,401 shares of the company's stock were exchanged, compared to its average volume of 699,108. The firm's 50-day moving average is $265.53 and its 200 day moving average is $236.46. The company has a market capitalization of $34.98 billion, a PE ratio of 38.60, a P/E/G ratio of 1.98 and a beta of 0.83. Vulcan Materials has a 1-year low of $187.20 and a 1-year high of $276.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.39 and a current ratio of 2.74.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share for the quarter, missing the consensus estimate of $0.91 by ($0.11). The business had revenue of $1.55 billion for the quarter, compared to analysts' expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. Vulcan Materials's revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.95 EPS. Sell-side analysts predict that Vulcan Materials will post 8.45 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a $0.46 dividend. This is a boost from Vulcan Materials's previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. Vulcan Materials's dividend payout ratio is presently 26.86%.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the firm's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the transaction, the senior vice president now owns 5,395 shares of the company's stock, valued at $1,453,844.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, SVP Denson N. Franklin III sold 3,200 shares of the stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the completion of the sale, the senior vice president now directly owns 5,395 shares of the company's stock, valued at $1,453,844.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Melissa H. Anderson sold 1,200 shares of Vulcan Materials stock in a transaction on Monday, February 26th. The shares were sold at an average price of $260.48, for a total transaction of $312,576.00. Following the completion of the transaction, the director now directly owns 330 shares in the company, valued at $85,958.40. The disclosure for this sale can be found here. Insiders have sold 13,017 shares of company stock valued at $3,344,741 in the last ninety days. Insiders own 0.62% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VMC shares. Morgan Stanley started coverage on shares of Vulcan Materials in a research note on Monday, January 8th. They issued an "equal weight" rating and a $208.00 price target on the stock. Wolfe Research downgraded Vulcan Materials from an "outperform" rating to a "peer perform" rating in a report on Friday, March 8th. Raymond James raised their target price on Vulcan Materials from $225.00 to $240.00 and gave the company an "outperform" rating in a report on Thursday, January 25th. Truist Financial lifted their target price on Vulcan Materials from $300.00 to $320.00 and gave the company a "buy" rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada increased their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a "sector perform" rating in a research report on Friday. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, Vulcan Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $277.08.

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.