Atria Wealth Solutions Inc. Has $903,000 Stake in Vulcan Materials Company (NYSE:VMC)

Atria Wealth Solutions Inc. boosted its stake in Vulcan Materials Company (NYSE:VMC) by 7.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 3,870 shares of the construction company’s stock after buying an additional 281 shares during the period. Atria Wealth Solutions Inc.’s holdings in Vulcan Materials were worth $903,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Manchester Capital Management LLC boosted its stake in Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock valued at $43,000 after buying an additional 39 shares in the last quarter. Alpha Omega Wealth Management LLC boosted its stake in Vulcan Materials by 1.1% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company’s stock valued at $1,012,000 after buying an additional 46 shares in the last quarter. Wellington Management Group LLP boosted its stake in Vulcan Materials by 5.6% in the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company’s stock valued at $249,000 after buying an additional 51 shares in the last quarter. Marks Group Wealth Management Inc boosted its stake in Vulcan Materials by 2.7% in the 1st quarter. Marks Group Wealth Management Inc now owns 2,203 shares of the construction company’s stock valued at $514,000 after buying an additional 57 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in Vulcan Materials by 10.0% in the first quarter. Allworth Financial LP now owns 651 shares of the construction company’s stock worth $163,000 after purchasing an additional 59 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.5%

Shares of Vulcan Materials stock opened at $285.15 on Tuesday. Vulcan Materials Company has a 1 year low of $215.08 and a 1 year high of $298.31. The business has a 50-day moving average of $267.50 and a two-hundred day moving average of $257.88. The company has a market capitalization of $37.67 billion, a P/E ratio of 39.83, a price-to-earnings-growth ratio of 2.34 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The business had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter last year, the company earned $2.35 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts predict that Vulcan Materials Company will post 8.69 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Thursday, August 14th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 14th. Vulcan Materials’s dividend payout ratio is 27.37%.

Wall Street Analyst Weigh In

VMC has been the topic of a number of recent analyst reports. Royal Bank Of Canada reduced their price objective on Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating on the stock in a research note on Friday, August 1st. Morgan Stanley reduced their price objective on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research note on Monday, July 28th. Citigroup reiterated a “buy” rating and issued a $321.00 price objective (up from $305.00) on shares of Vulcan Materials in a research report on Monday, August 4th. UBS Group raised Vulcan Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Finally, Argus raised Vulcan Materials to a “strong-buy” rating in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $304.27.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 1,500 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the sale, the senior vice president directly owned 2,832 shares in the company, valued at $764,640. This represents a 34.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.61% of the stock is owned by company insiders.

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.