Quest Partners LLC Invests $1.44 Million in Vulcan Materials (NYSE:VMC)

Quest Partners LLC bought a new stake 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 and Exchange Commission (SEC). The institutional investor bought 6,354 shares of the construction company's stock, valued at approximately $1,442,000.

Several other institutional investors also recently bought and sold shares of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Vulcan Materials in the 4th quarter worth $28,000. Private Wealth Management Group LLC purchased a new stake in shares of Vulcan Materials during the fourth quarter worth about $45,000. Avalon Trust Co purchased a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $58,000. Atlantic Edge Private Wealth Management LLC purchased a new stake in Vulcan Materials during the 4th quarter worth approximately $59,000. Finally, VisionPoint Advisory Group LLC increased its stake in Vulcan Materials by 1,447.1% during the 4th quarter. VisionPoint Advisory Group LLC now owns 263 shares of the construction company's stock valued at $60,000 after purchasing an additional 246 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vulcan Materials

In related news, insider Stanley G. Bass sold 8,310 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Stanley G. Bass sold 8,310 shares of the company's stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this hyperlink. Also, VP Randy L. Pigg sold 307 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the transaction, the vice president now directly owns 1,896 shares in the company, valued at $483,991.92. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,227 shares of company stock valued at $7,494,261. 0.62% of the stock is owned by corporate insiders.

Vulcan Materials Price Performance

VMC stock traded up $1.07 during mid-day trading on Monday, reaching $260.17. 565,109 shares of the company's stock were exchanged, compared to its average volume of 772,169. The company has a market cap of $34.41 billion, a price-to-earnings ratio of 37.98, a price-to-earnings-growth ratio of 1.94 and a beta of 0.83. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $276.58. The stock's 50 day moving average is $265.73 and its 200 day moving average is $241.96. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. Vulcan Materials's revenue was down 6.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 EPS. On average, research analysts expect that Vulcan Materials will post 8.51 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be given a dividend of $0.46 per share. The ex-dividend date is Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. Vulcan Materials's dividend payout ratio (DPR) is presently 26.86%.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Raymond James lifted their price target on Vulcan Materials from $225.00 to $240.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. The Goldman Sachs Group increased their price target on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. Truist Financial lifted their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a "buy" rating in a research note on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Finally, Stephens boosted their target price on shares of Vulcan Materials from $300.00 to $310.00 and gave the company an "overweight" rating in a research report 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 stock. According to data from MarketBeat, Vulcan Materials has an average rating of "Moderate Buy" and an average target price of $277.08.

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.