Marcum Wealth LLC Sells 92 Shares of Vulcan Materials (NYSE:VMC)

Marcum Wealth LLC lowered its position in Vulcan Materials (NYSE:VMC) by 10.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 819 shares of the construction company’s stock after selling 92 shares during the period. Marcum Wealth LLC’s holdings in Vulcan Materials were worth $224,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Commerce Bank increased its stake in shares of Vulcan Materials by 1.0% during the 4th quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock worth $1,008,000 after purchasing an additional 43 shares during the last quarter. Brighton Jones LLC increased its position in Vulcan Materials by 2.4% in the fourth quarter. Brighton Jones LLC now owns 1,916 shares of the construction company’s stock worth $435,000 after buying an additional 45 shares during the last quarter. Stonegate Investment Group LLC raised its stake in shares of Vulcan Materials by 0.3% in the fourth quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock valued at $4,598,000 after buying an additional 52 shares during the period. MCF Advisors LLC lifted its position in shares of Vulcan Materials by 22.4% during the 4th quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock valued at $67,000 after buying an additional 54 shares during the last quarter. Finally, Moody National Bank Trust Division grew its stake in shares of Vulcan Materials by 2.6% during the 1st quarter. Moody National Bank Trust Division now owns 2,372 shares of the construction company’s stock worth $647,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $247.81 on Friday. Vulcan Materials has a one year low of $190.51 and a one year 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 firm has a market capitalization of $32.77 billion, a price-to-earnings ratio of 36.18, a PEG ratio of 1.83 and a beta of 0.84. The company’s fifty day moving average price is $257.79 and its 200-day moving average price is $248.74.

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

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials’s payout ratio is currently 26.86%.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the firm’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the sale, the president now owns 1,300 shares of the company’s stock, valued at approximately $354,835. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, President Thompson S. Baker II sold 8,600 shares of Vulcan Materials stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $272.95, for a total transaction of $2,347,370.00. Following the completion of the transaction, the president now directly owns 1,300 shares of the company’s stock, valued at approximately $354,835. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $254.50, for a total value of $254,500.00. Following the transaction, the senior vice president now owns 2,660 shares of the company’s stock, valued at approximately $676,970. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,210 shares of company stock valued at $4,653,520. Insiders own 0.62% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on VMC. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Royal Bank of Canada lifted their price objective on shares of Vulcan Materials from $269.00 to $272.00 and gave the company a “sector perform” rating in a research note on Friday, May 3rd. Jefferies Financial Group boosted their target price 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. Truist Financial lifted their price target on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Finally, Wolfe Research cut Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $277.08.

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.