Vulcan Materials Company (NYSE:VMC) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 5.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,132 shares of the construction company’s stock after selling 118 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vulcan Materials were worth $497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Vulcan Materials by 42.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company’s stock worth $3,686,000 after purchasing an additional 4,678 shares in the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Vulcan Materials by 24.3% during the first quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company’s stock worth $215,000 after purchasing an additional 180 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Vulcan Materials by 42.9% during the fourth quarter. Jones Financial Companies Lllp now owns 3,599 shares of the construction company’s stock worth $926,000 after purchasing an additional 1,081 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Vulcan Materials by 5.6% during the fourth quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock worth $249,000 after purchasing an additional 51 shares in the last quarter. Finally, Marion Wealth Management lifted its position in shares of Vulcan Materials by 17.4% during the first quarter. Marion Wealth Management now owns 5,403 shares of the construction company’s stock worth $1,261,000 after purchasing an additional 800 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on VMC. Stephens set a $315.00 target price on shares of Vulcan Materials and gave the stock an “overweight” rating in a research report on Thursday, May 1st. UBS Group upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $280.00 to $318.00 in a research note on Friday, May 16th. Argus upgraded shares of Vulcan Materials to a “strong-buy” rating in a research note on Thursday, April 24th. Wolfe Research upgraded shares of Vulcan Materials from a “peer perform” rating to an “outperform” rating in a research note on Thursday, April 10th. Finally, JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, March 19th. Three equities research 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.91.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 1,500 shares of Vulcan Materials stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at $764,640. The trade was a 34.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Vulcan Materials Stock Performance

VMC stock opened at $265.64 on Thursday. The company has a market capitalization of $35.09 billion, a P/E ratio of 37.68, a PEG ratio of 2.36 and a beta of 0.82. The company has a 50-day simple moving average of $263.84 and a 200 day simple moving average of $256.37. Vulcan Materials Company has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The company has a quick ratio of 1.51, a current ratio of 2.42 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 12.50% and a return on equity of 12.91%. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. Sell-side analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Friday, May 23rd were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Friday, May 23rd. Vulcan Materials’s payout ratio is 27.80%.

Vulcan Materials Company 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.