Capital Investment Advisory Services LLC Sells 158 Shares of Vulcan Materials (NYSE:VMC)

Posted by Defense World Staff on Jul 8th, 2023

Capital Investment Advisory Services LLC decreased its position in Vulcan Materials (NYSE:VMC – Free Report) by 11.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,183 shares of the construction company’s stock after selling 158 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in Vulcan Materials were worth $203,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Achmea Investment Management B.V. bought a new stake in shares of Vulcan Materials in the 1st quarter valued at approximately $29,000. General Partner Inc. bought a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $30,000. HBC Financial Services PLLC bought a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $30,000. New Hampshire Trust bought a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $31,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in shares of Vulcan Materials by 302.2% in the 4th quarter. Massmutual Trust Co. FSB ADV now owns 181 shares of the construction company’s stock valued at $32,000 after buying an additional 136 shares in the last quarter. Institutional investors own 89.02% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $217.39 on Friday. The business has a fifty day simple moving average of $203.26 and a 200 day simple moving average of $185.31. The company has a current ratio of 2.37, a quick ratio of 1.59 and a debt-to-equity ratio of 0.55. The firm has a market capitalization of $28.93 billion, a price-to-earnings ratio of 48.10, a PEG ratio of 1.63 and a beta of 0.76. Vulcan Materials has a one year low of $142.53 and a one year high of $225.93.

Vulcan Materials (NYSE:VMC – Free Report) last issued its earnings results on Thursday, May 4th. The construction company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.31. The business had revenue of $1.65 billion during the quarter, compared to analyst estimates of $1.57 billion. Vulcan Materials had a return on equity of 10.36% and a net margin of 8.14%. Vulcan Materials’s revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.73 earnings per share. Sell-side analysts expect that Vulcan Materials will post 6.45 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 9th. Investors of record on Friday, May 26th were paid a $0.43 dividend. The ex-dividend date of this dividend was Thursday, May 25th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.79%. Vulcan Materials’s payout ratio is 38.05%.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,389 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $196.00, for a total transaction of $468,244.00. Following the completion of the transaction, the senior vice president now directly owns 2,887 shares in the company, valued at $565,852. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Vulcan Materials news, CEO J Thomas Hill sold 4,695 shares of the stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $201.79, for a total transaction of $947,404.05. Following the completion of the transaction, the chief executive officer now directly owns 80,039 shares in the company, valued at $16,151,069.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David P. Clement sold 2,389 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $196.00, for a total value of $468,244.00. Following the transaction, the senior vice president now owns 2,887 shares of the company’s stock, valued at $565,852. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,644 shares of company stock worth $1,529,014. 0.62% of the stock is owned by corporate insiders.

Analyst Ratings Changes

VMC has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised Vulcan Materials from a “neutral” rating to a “buy” rating and upped their target price for the stock from $188.00 to $212.00 in a research report on Monday, April 3rd. JPMorgan Chase & Co. cut Vulcan Materials from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $215.00 to $230.00 in a research report on Thursday. Morgan Stanley decreased their target price on Vulcan Materials from $191.00 to $186.00 and set an “equal weight” rating for the company in a research report on Thursday, April 20th. DA Davidson upped their target price on Vulcan Materials from $212.00 to $225.00 in a research report on Wednesday, May 10th. Finally, 92 Resources reaffirmed a “maintains” rating on shares of Vulcan Materials in a research report on Friday, May 5th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $209.33.

Vulcan Materials Company Profile

(Free Report)

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 Aggregates segment 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.