Los Angeles Capital Management LLC Raises Stake in Vulcan Materials (NYSE:VMC)

Los Angeles Capital Management LLC increased its position in Vulcan Materials (NYSE:VMC) by 95.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,432 shares of the construction company’s stock after buying an additional 27,030 shares during the period. Los Angeles Capital Management LLC’s holdings in Vulcan Materials were worth $15,129,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new stake in shares of Vulcan Materials during the fourth quarter worth $28,000. Private Wealth Management Group LLC purchased a new stake in Vulcan Materials in the fourth quarter valued at approximately $45,000. Trust Co. of Vermont increased its position in Vulcan Materials by 144.0% during the fourth quarter. Trust Co. of Vermont now owns 244 shares of the construction company’s stock worth $55,000 after purchasing an additional 144 shares during the last quarter. Avalon Trust Co purchased a new position in Vulcan Materials during the fourth quarter worth approximately $58,000. Finally, Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $59,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on VMC. Royal Bank of Canada boosted their price target on Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Stephens raised their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Truist Financial increased their target price on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group raised their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $277.08.

Insider Buying and Selling

In other Vulcan Materials news, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction on Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the sale, the president now owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $249.50, for a total value of $249,500.00. Following the completion of the sale, the senior vice president now directly owns 1,660 shares in the company, valued at $414,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction on Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the transaction, the president now owns 4,784 shares in the company, valued at approximately $1,304,309.76. The disclosure for this sale can be found here. Insiders sold 17,210 shares of company stock valued at $4,653,520 in the last three months. 0.62% of the stock is currently owned by corporate insiders.

Vulcan Materials Trading Down 0.3 %

NYSE:VMC opened at $255.61 on Thursday. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $276.58. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. The business has a 50 day simple moving average of $258.48 and a 200 day simple moving average of $248.27. The firm has a market capitalization of $33.80 billion, a P/E ratio of 37.32, a P/E/G ratio of 1.90 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm had revenue of $1.55 billion for the quarter, compared to the consensus estimate of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 EPS. Equities research analysts predict that Vulcan Materials will post 8.55 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.72%. Vulcan Materials’s dividend payout ratio is presently 26.86%.

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.