Kestra Private Wealth Services LLC Has $743,000 Stock Position in Vulcan Materials Company $VMC

Kestra Private Wealth Services LLC increased its holdings in Vulcan Materials Company (NYSE:VMC) by 164.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,730 shares of the construction company’s stock after acquiring an additional 1,696 shares during the period. Kestra Private Wealth Services LLC’s holdings in Vulcan Materials were worth $743,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Ritholtz Wealth Management purchased a new stake in shares of Vulcan Materials in the first quarter worth approximately $203,000. Greenup Street Wealth Management LLC purchased a new position in Vulcan Materials during the first quarter valued at approximately $4,172,000. Fifth Third Wealth Advisors LLC grew its position in Vulcan Materials by 97.8% during the first quarter. Fifth Third Wealth Advisors LLC now owns 2,908 shares of the construction company’s stock valued at $792,000 after purchasing an additional 1,438 shares in the last quarter. OP Asset Management Ltd acquired a new position in Vulcan Materials in the 1st quarter valued at approximately $3,646,000. Finally, Guyasuta Investment Advisors Inc. increased its stake in Vulcan Materials by 2.1% in the 1st quarter. Guyasuta Investment Advisors Inc. now owns 54,344 shares of the construction company’s stock valued at $14,798,000 after buying an additional 1,133 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 2,212 shares of Vulcan Materials stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares of the company’s stock, valued at $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.65% of the stock is currently owned by corporate insiders.

Vulcan Materials Stock Performance

VMC opened at $303.45 on Friday. The company has a market cap of $39.37 billion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The stock has a 50-day moving average of $286.22 and a 200-day moving average of $290.80. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm posted $1.00 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. As a group, equities research analysts forecast that Vulcan Materials Company will post 9.28 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s dividend payout ratio (DPR) is 24.73%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VMC shares. Stifel Nicolaus set a $333.00 target price on shares of Vulcan Materials in a research note on Thursday, April 30th. Royal Bank Of Canada dropped their price target on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating on the stock in a research note on Tuesday. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Citigroup reduced their price objective on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Finally, Oppenheimer began coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Hold” and an average target price of $326.54.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.