HB Wealth Management LLC Raises Stock Position in Vulcan Materials (NYSE:VMC)

HB Wealth Management LLC boosted its position in Vulcan Materials (NYSE:VMC) by 10.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,827 shares of the construction company’s stock after purchasing an additional 172 shares during the quarter. HB Wealth Management LLC’s holdings in Vulcan Materials were worth $415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Stratos Wealth Partners LTD. raised its holdings in shares of Vulcan Materials by 1.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock valued at $656,000 after acquiring an additional 51 shares in the last quarter. Proficio Capital Partners LLC lifted its position in Vulcan Materials by 2.3% during the third quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock valued at $467,000 after purchasing an additional 52 shares during the last quarter. Greenleaf Trust grew its stake in Vulcan Materials by 2.7% in the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock worth $406,000 after buying an additional 52 shares in the last quarter. CWM LLC increased its holdings in shares of Vulcan Materials by 2.4% in the 3rd quarter. CWM LLC now owns 2,269 shares of the construction company’s stock worth $458,000 after buying an additional 53 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Vulcan Materials by 3.7% during the 3rd quarter. Signaturefd LLC now owns 1,498 shares of the construction company’s stock valued at $303,000 after buying an additional 54 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective 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. Morgan Stanley assumed coverage on shares of Vulcan Materials in a report on Monday, January 8th. They set an “equal weight” rating and a $208.00 price objective for the company. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Truist Financial boosted their price target on shares of Vulcan Materials from $260.00 to $300.00 and gave the stock a “buy” rating in a research note on Tuesday, February 20th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $270.00 price target (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Five 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 a consensus rating of “Moderate Buy” and a consensus price target of $262.54.

Insiders Place Their Bets

In other Vulcan Materials news, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the sale, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the transaction, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Denson N. Franklin III sold 3,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now owns 5,395 shares in the company, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,017 shares of company stock worth $3,344,741. 0.57% of the stock is currently owned by company insiders.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $272.79 on Thursday. Vulcan Materials has a 1 year low of $162.00 and a 1 year high of $276.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. The company’s 50-day moving average is $250.24 and its 200 day moving average is $226.01. The stock has a market capitalization of $36.07 billion, a P/E ratio of 39.08, a P/E/G ratio of 2.00 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.08 earnings per share. On average, sell-side analysts expect that Vulcan Materials will post 8.36 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Friday, March 1st. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio is 26.36%.

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 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.