HighTower Advisors LLC Lowers Holdings in Vulcan Materials Company $VMC

HighTower Advisors LLC lowered its holdings in Vulcan Materials Company (NYSE:VMC) by 2.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,837 shares of the construction company’s stock after selling 6,942 shares during the quarter. HighTower Advisors LLC owned 0.25% of Vulcan Materials worth $93,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Westside Investment Management Inc. raised its stake in shares of Vulcan Materials by 100.0% in the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. NBT Bank N A NY purchased a new position in shares of Vulcan Materials in the fourth quarter worth $26,000. Greykasell Wealth Strategies Inc. purchased a new position in shares of Vulcan Materials in the third quarter worth $29,000. Godsey & Gibb Inc. purchased a new position in shares of Vulcan Materials in the fourth quarter worth $30,000. Finally, Measured Wealth Private Client Group LLC purchased a new position in shares of Vulcan Materials in the third quarter worth $30,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Performance

Shares of VMC opened at $259.43 on Wednesday. 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 one year low of $252.35 and a one year high of $331.09. The firm has a market capitalization of $33.66 billion, a P/E ratio of 30.85, a PEG ratio of 1.93 and a beta of 1.09. The business has a fifty day moving average of $279.35 and a 200 day moving average of $291.56.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the previous year, the company posted $1.00 earnings per share. Vulcan Materials’s revenue was up 7.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.52 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is presently 24.73%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VMC. Truist Financial boosted their price target on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Wells Fargo & Company boosted their price target on Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Royal Bank Of Canada boosted their price target on Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 30th. Weiss Ratings restated a “buy (b)” rating on shares of Vulcan Materials in a research note on Tuesday, January 27th. Finally, DA Davidson decreased their price target on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $330.58.

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.