Montag A & Associates Inc. Purchases 2,123 Shares of Vulcan Materials Company $VMC

Montag A & Associates Inc. raised its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 11.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,159 shares of the construction company’s stock after acquiring an additional 2,123 shares during the quarter. Montag A & Associates Inc.’s holdings in Vulcan Materials were worth $5,762,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Chesapeake Capital Corp IL lifted its holdings in Vulcan Materials by 0.9% in the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after purchasing an additional 33 shares in the last quarter. Composition Wealth LLC lifted its holdings in shares of Vulcan Materials by 3.5% in the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after buying an additional 34 shares in the last quarter. Capital Investment Advisors LLC boosted its position in shares of Vulcan Materials by 5.5% during the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after acquiring an additional 38 shares during the last quarter. Truist Financial Corp grew its stake in Vulcan Materials by 0.3% during the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after acquiring an additional 38 shares in the last quarter. Finally, United Capital Financial Advisors LLC grew its stake in Vulcan Materials by 1.2% during the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 1.6%

Shares of NYSE:VMC opened at $300.01 on Wednesday. The business has a 50 day simple moving average of $286.88 and a two-hundred day simple moving average of $291.04. The firm has a market capitalization of $38.93 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same period in the prior year, the business posted $1.00 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts predict that Vulcan Materials Company will post 9.27 EPS for the current year.

Vulcan Materials Dividend Announcement

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

Analysts Set New Price Targets

VMC has been the subject of several research reports. Wells Fargo & Company increased their price objective on shares of Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Raymond James Financial set a $325.00 target price on Vulcan Materials in a research report on Thursday, April 30th. Oppenheimer started coverage on Vulcan Materials in a research note on Thursday, May 28th. They set a “market perform” rating for the company. Morgan Stanley reduced their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday, June 2nd. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $326.54.

Insider Activity

In other news, SVP David P. Clement sold 2,212 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares in the company, valued at $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is owned by insiders.

Vulcan Materials Profile

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.