Independent Advisor Alliance Purchases 73 Shares of Vulcan Materials (NYSE:VMC)

Independent Advisor Alliance increased its position in Vulcan Materials (NYSE:VMCFree Report) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,411 shares of the construction company’s stock after purchasing an additional 73 shares during the quarter. Independent Advisor Alliance’s holdings in Vulcan Materials were worth $1,455,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in Vulcan Materials by 47.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock valued at $909,794,000 after acquiring an additional 1,447,700 shares in the last quarter. Wellington Management Group LLP boosted its position in Vulcan Materials by 30,160.4% during the 3rd quarter. Wellington Management Group LLP now owns 541,359 shares of the construction company’s stock valued at $109,365,000 after acquiring an additional 539,570 shares in the last quarter. Palestra Capital Management LLC boosted its position in Vulcan Materials by 68.9% during the 3rd quarter. Palestra Capital Management LLC now owns 560,315 shares of the construction company’s stock valued at $113,195,000 after acquiring an additional 228,510 shares in the last quarter. FMR LLC boosted its position in Vulcan Materials by 6.8% during the 3rd quarter. FMR LLC now owns 3,042,842 shares of the construction company’s stock valued at $614,715,000 after acquiring an additional 194,337 shares in the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in Vulcan Materials during the 3rd quarter valued at $30,883,000. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on VMC. Royal Bank of Canada increased their price objective on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a report on Friday, May 3rd. Stephens increased their price objective on Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Jefferies Financial Group boosted their price target on Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Finally, Raymond James raised their price objective on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $277.08.

View Our Latest Stock Analysis on Vulcan Materials

Insider Activity

In other news, VP Randy L. Pigg sold 307 shares of the firm’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 transaction, the vice president now directly owns 1,896 shares of the company’s stock, valued at $483,991.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, SVP Denson N. Franklin III sold 3,200 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the transaction, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following 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. Insiders have sold a total of 28,227 shares of company stock worth $7,494,261 over the last 90 days. 0.61% of the stock is currently owned by company insiders.

Vulcan Materials Trading Down 0.3 %

Vulcan Materials stock opened at $259.10 on Monday. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $276.58. The stock’s 50 day simple moving average is $265.82 and its two-hundred day simple moving average is $241.58. The firm has a market cap of $34.27 billion, a PE ratio of 37.82, a P/E/G ratio of 1.94 and a beta of 0.83.

Vulcan Materials (NYSE:VMCGet Free Report) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company posted $0.95 EPS. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. Analysts anticipate that Vulcan Materials will post 8.51 earnings per share for the current year.

Vulcan Materials Dividend Announcement

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 paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.84 dividend on an annualized basis and a yield of 0.71%. Vulcan Materials’s dividend payout ratio is currently 26.86%.

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 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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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