Geneva Capital Management LLC Makes New $10.26 Million Investment in Vulcan Materials (NYSE:VMC)

Geneva Capital Management LLC bought a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 45,197 shares of the construction company's stock, valued at approximately $10,260,000.

A number of other hedge funds also recently modified their holdings of VMC. Exchange Traded Concepts LLC bought a new stake in shares of Vulcan Materials during the fourth quarter worth about $28,000. Avalon Trust Co bought a new stake in shares of Vulcan Materials during the fourth quarter worth about $58,000. Covestor Ltd grew its holdings in shares of Vulcan Materials by 273.4% during the third quarter. Covestor Ltd now owns 295 shares of the construction company's stock worth $60,000 after purchasing an additional 216 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of Vulcan Materials during the fourth quarter worth about $61,000. Finally, CVA Family Office LLC bought a new stake in shares of Vulcan Materials during the fourth quarter worth about $62,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

VMC has been the topic of a number of recent analyst reports. Stephens lifted their price objective on Vulcan Materials from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Friday, May 3rd. Raymond James lifted their price objective on Vulcan Materials from $225.00 to $240.00 and gave the stock an "outperform" rating in a research note on Thursday, January 25th. Citigroup lifted their price objective on Vulcan Materials from $263.00 to $322.00 and gave the stock a "buy" rating in a research note on Friday, April 5th. The Goldman Sachs Group lifted their price objective on Vulcan Materials from $264.00 to $292.00 and gave the stock a "buy" rating in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada lifted their price objective on Vulcan Materials from $269.00 to $272.00 and gave the stock a "sector perform" rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $277.08.

Vulcan Materials Stock Performance

NYSE:VMC traded up $1.21 during trading on Friday, reaching $271.90. The company's stock had a trading volume of 517,114 shares, compared to its average volume of 716,684. The firm has a market cap of $35.96 billion, a price-to-earnings ratio of 39.69, a price-to-earnings-growth ratio of 1.99 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.81 and a current ratio of 2.74. The firm has a 50 day moving average of $265.94 and a 200-day moving average of $238.20. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $276.58.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $0.95 EPS. The firm's revenue for the quarter was down 6.2% compared to the same quarter last year. Research analysts expect that Vulcan Materials will post 8.52 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.68%. Vulcan Materials's dividend payout ratio is presently 26.86%.

Insider Activity

In other news, insider Stanley G. Bass sold 8,310 shares of the company's stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the transaction, the insider now owns 29,311 shares of the company's stock, valued at approximately $7,376,992.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Denson N. Franklin III sold 3,200 shares of the 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 sale, the senior vice president now owns 5,395 shares of the company's stock, valued at approximately $1,453,844.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the sale, the insider now directly owns 29,311 shares in the company, valued at approximately $7,376,992.48. 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 90 days. Insiders own 0.61% 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.