Global Retirement Partners LLC increased its stake in shares of Vulcan Materials (NYSE:VMC – Free Report) by 40.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,577 shares of the construction company’s stock after buying an additional 455 shares during the quarter. Global Retirement Partners LLC’s holdings in Vulcan Materials were worth $282,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Perpetual Ltd acquired a new stake in Vulcan Materials during the first quarter worth $278,000. Vaughan Nelson Investment Management L.P. increased its stake in Vulcan Materials by 156.2% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 146,512 shares of the construction company’s stock worth $25,136,000 after acquiring an additional 89,321 shares during the last quarter. Truist Financial Corp increased its stake in Vulcan Materials by 1.7% during the first quarter. Truist Financial Corp now owns 10,899 shares of the construction company’s stock worth $1,870,000 after acquiring an additional 180 shares during the last quarter. Assetmark Inc. grew its stake in shares of Vulcan Materials by 20.4% in the first quarter. Assetmark Inc. now owns 20,558 shares of the construction company’s stock valued at $3,527,000 after buying an additional 3,486 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in shares of Vulcan Materials by 393.0% in the first quarter. Cullen Frost Bankers Inc. now owns 774 shares of the construction company’s stock valued at $133,000 after buying an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.
Vulcan Materials Stock Performance
NYSE:VMC opened at $223.38 on Thursday. The firm has a 50-day moving average price of $217.10 and a two-hundred day moving average price of $192.63. The company has a current ratio of 2.58, a quick ratio of 1.83 and a debt-to-equity ratio of 0.54. Vulcan Materials has a twelve month low of $147.64 and a twelve month high of $229.75. The company has a market capitalization of $29.68 billion, a P/E ratio of 41.14, a price-to-earnings-growth ratio of 1.59 and a beta of 0.78.
Vulcan Materials Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th will be given a dividend of $0.43 per share. The ex-dividend date is Wednesday, August 16th. This represents a $1.72 dividend on an annualized basis and a yield of 0.77%. Vulcan Materials’s dividend payout ratio (DPR) is 31.68%.
Analyst Ratings Changes
A number of brokerages have recently weighed in on VMC. DA Davidson lifted their price objective on Vulcan Materials from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Monday. Loop Capital lifted their price objective on Vulcan Materials from $235.00 to $260.00 in a research note on Friday, August 4th. Barclays lifted their target price on Vulcan Materials from $230.00 to $250.00 and gave the company an “overweight” rating in a report on Monday. Stifel Nicolaus lifted their target price on Vulcan Materials from $227.00 to $250.00 in a report on Friday, July 14th. Finally, JPMorgan Chase & Co. downgraded Vulcan Materials from an “overweight” rating to a “neutral” rating and lifted their price target for the stock from $215.00 to $230.00 in a report on Thursday, July 6th. Five research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $238.80.
Check Out Our Latest Stock Analysis on Vulcan Materials
Insider Buying and Selling at Vulcan Materials
In other Vulcan Materials news, VP Randy L. Pigg sold 560 shares of Vulcan Materials stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $202.44, for a total transaction of $113,366.40. Following the transaction, the vice president now directly owns 1,707 shares of the company’s stock, valued at $345,565.08. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, VP Randy L. Pigg sold 560 shares of Vulcan Materials stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $202.44, for a total transaction of $113,366.40. Following the sale, the vice president now owns 1,707 shares in the company, valued at $345,565.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO J Thomas Hill sold 4,695 shares of Vulcan Materials stock in a transaction that occurred on Wednesday, June 7th. The shares were sold at an average price of $201.79, for a total transaction of $947,404.05. Following the sale, the chief executive officer now owns 80,039 shares in the company, valued at approximately $16,151,069.81. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.
About Vulcan Materials
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.
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