Sherbrooke Park Advisers LLC Acquires Shares of 2,673 Vulcan Materials (NYSE:VMC)

Sherbrooke Park Advisers LLC bought a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,673 shares of the construction company's stock, valued at approximately $688,000.

Several other large investors have also recently bought and sold shares of VMC. Barclays PLC lifted its position in shares of Vulcan Materials by 29.0% in the 3rd quarter. Barclays PLC now owns 472,194 shares of the construction company's stock worth $118,251,000 after acquiring an additional 106,187 shares during the period. Park Avenue Securities LLC raised its stake in shares of Vulcan Materials by 3.9% in the fourth quarter. Park Avenue Securities LLC now owns 2,845 shares of the construction company's stock valued at $732,000 after purchasing an additional 108 shares in the last quarter. Empirical Asset Management LLC lifted its position in Vulcan Materials by 98.6% in the fourth quarter. Empirical Asset Management LLC now owns 2,387 shares of the construction company's stock worth $614,000 after purchasing an additional 1,185 shares during the period. Procyon Advisors LLC boosted its stake in Vulcan Materials by 9.2% during the fourth quarter. Procyon Advisors LLC now owns 20,060 shares of the construction company's stock worth $5,160,000 after buying an additional 1,697 shares in the last quarter. Finally, Avanza Fonder AB acquired a new stake in Vulcan Materials during the fourth quarter worth $3,168,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on VMC shares. UBS Group raised shares of Vulcan Materials from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Citigroup restated a "buy" rating on shares of Vulcan Materials in a research note on Monday, March 24th. Royal Bank of Canada upped their price objective on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Stifel Nicolaus raised their target price on Vulcan Materials from $287.00 to $309.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, Morgan Stanley boosted their price target on Vulcan Materials from $273.00 to $303.00 and gave the company an "equal weight" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.91.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded down $2.72 during midday trading on Wednesday, reaching $270.61. The company's stock had a trading volume of 695,564 shares, compared to its average volume of 943,902. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The company has a market capitalization of $35.75 billion, a P/E ratio of 39.51, a P/E/G ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The business's fifty day simple moving average is $247.65 and its 200-day simple moving average is $260.53.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the business posted $0.80 earnings per share. Vulcan Materials's revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials's dividend payout ratio (DPR) is currently 27.80%.

Insider Transactions at Vulcan Materials

In other Vulcan Materials 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 completion of the sale, the senior vice president now directly owns 2,832 shares of the company's stock, valued at approximately $764,640. The trade was a 34.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.62% of the stock is currently owned by corporate insiders.

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.