Compass Ion Advisors LLC Has $1.57 Million Holdings in Vulcan Materials (NYSE:VMC)

Compass Ion Advisors LLC trimmed its position in shares of Vulcan Materials (NYSE:VMC) by 41.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,767 shares of the construction company’s stock after selling 4,055 shares during the quarter. Compass Ion Advisors LLC’s holdings in Vulcan Materials were worth $1,574,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. LPL Financial LLC increased its position in shares of Vulcan Materials by 5.0% during the third quarter. LPL Financial LLC now owns 73,930 shares of the construction company’s stock worth $14,935,000 after acquiring an additional 3,519 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Vulcan Materials in the third quarter valued at approximately $1,952,000. O Shaughnessy Asset Management LLC boosted its position in shares of Vulcan Materials by 19.6% during the third quarter. O Shaughnessy Asset Management LLC now owns 8,498 shares of the construction company’s stock valued at $1,717,000 after buying an additional 1,390 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Vulcan Materials during the third quarter worth $30,883,000. Finally, Tower Research Capital LLC TRC lifted its stake in Vulcan Materials by 19.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,464 shares of the construction company’s stock valued at $1,710,000 after acquiring an additional 1,394 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VMC has been the subject of several recent analyst reports. Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Jefferies Financial Group boosted their target price on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Royal Bank of Canada increased 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. Citigroup boosted their price objective on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average price target of $277.08.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $248.68 on Monday. The firm has a market capitalization of $32.89 billion, a P/E ratio of 36.30, a PEG ratio of 1.86 and a beta of 0.82. 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 business has a fifty day moving average price of $256.82 and a 200-day moving average price of $250.00.

Vulcan Materials (NYSE:VMC) last issued its 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 company had revenue of $1.55 billion during 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 for the quarter was down 6.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, equities research analysts forecast that Vulcan Materials will post 8.51 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were issued 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 was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the transaction, the senior vice president now directly owns 1,660 shares in the company, valued at approximately $414,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the president now owns 1,300 shares of the company’s stock, valued at approximately $354,835. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP David P. Clement sold 1,000 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the transaction, the senior vice president now directly owns 1,660 shares in the company, valued at approximately $414,170. The disclosure for this sale can be found here. Insiders have sold 17,210 shares of company stock worth $4,653,520 in the last three months. 0.61% of the stock is currently owned by corporate insiders.

About Vulcan Materials

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.