Arkadios Wealth Advisors Cuts Stake in Vulcan Materials Company $VMC

Arkadios Wealth Advisors decreased its position in Vulcan Materials Company (NYSE:VMC) by 21.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,063 shares of the construction company’s stock after selling 1,387 shares during the period. Arkadios Wealth Advisors’ holdings in Vulcan Materials were worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in VMC. ORG Partners LLC lifted its position in Vulcan Materials by 86.3% during the second quarter. ORG Partners LLC now owns 95 shares of the construction company’s stock valued at $25,000 after buying an additional 44 shares during the period. Concord Wealth Partners bought a new stake in Vulcan Materials in the 2nd quarter worth about $33,000. Manchester Capital Management LLC increased its holdings in Vulcan Materials by 26.9% in the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company’s stock worth $43,000 after buying an additional 39 shares in the last quarter. Wayfinding Financial LLC purchased a new position in Vulcan Materials in the first quarter worth about $45,000. Finally, Steph & Co. purchased a new position in Vulcan Materials in the second quarter worth about $55,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 698 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $298.56, for a total transaction of $208,394.88. Following the completion of the sale, the senior vice president owned 2,832 shares of the company’s stock, valued at $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $290.09 on Friday. The company has a market capitalization of $38.33 billion, a P/E ratio of 40.52, a P/E/G ratio of 2.39 and a beta of 0.92. The business’s 50 day moving average is $296.59 and its two-hundred day moving average is $277.63. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52. Vulcan Materials Company has a 12-month low of $215.08 and a 12-month high of $311.74.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.72 by $0.12. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.22 earnings per share. Analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Investors of record on Monday, November 10th 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 of this dividend is Monday, November 10th. Vulcan Materials’s dividend payout ratio (DPR) is currently 23.28%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Raymond James Financial boosted their price target on Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Morgan Stanley cut their price objective on Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating on the stock in a research report on Monday, July 28th. Royal Bank Of Canada lowered their target price on Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a report on Friday. Barclays upped their price objective on Vulcan Materials from $305.00 to $320.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Finally, JPMorgan Chase & Co. upped their target price on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research report on Tuesday, October 21st. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $312.91.

Vulcan Materials 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.