Alpha Omega Wealth Management LLC Lowers Stock Position in Vulcan Materials (NYSE:VMC)

Alpha Omega Wealth Management LLC lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 6.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,436 shares of the construction company’s stock after selling 290 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in Vulcan Materials were worth $1,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VMC. Stratos Wealth Partners LTD. raised its position in Vulcan Materials by 1.6% during the third quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock valued at $656,000 after purchasing an additional 51 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Vulcan Materials by 2.3% during the 3rd quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock valued at $467,000 after buying an additional 52 shares in the last quarter. Greenleaf Trust lifted its position in Vulcan Materials by 2.7% in the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock worth $406,000 after buying an additional 52 shares during the last quarter. Stonegate Investment Group LLC boosted its stake in Vulcan Materials by 0.3% in the fourth quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock worth $4,598,000 after buying an additional 52 shares in the last quarter. Finally, CWM LLC grew its position in Vulcan Materials by 2.4% during the third quarter. CWM LLC now owns 2,269 shares of the construction company’s stock valued at $458,000 after acquiring an additional 53 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

VMC has been the topic of a number of recent research reports. The Goldman Sachs Group raised their price objective on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. Wolfe Research lowered shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Raymond James raised their target price on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Finally, Stifel Nicolaus increased their price objective on Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a report on Tuesday, December 19th. Five investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $268.85.

Insider Buying and Selling

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,200 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $260.48, for a total transaction of $312,576.00. Following the sale, the director now directly owns 330 shares in the company, valued at approximately $85,958.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total value of $78,367.89. Following the sale, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $260.48, for a total transaction of $312,576.00. Following the sale, the director now owns 330 shares of the company’s stock, valued at $85,958.40. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock worth $3,344,741 in the last three months. Insiders own 0.61% of the company’s stock.

Vulcan Materials Stock Down 0.1 %

VMC stock traded down $0.19 on Wednesday, reaching $258.35. 205,419 shares of the company traded hands, compared to its average volume of 787,628. The firm has a fifty day simple moving average of $262.37 and a 200-day simple moving average of $232.26. The company has a market cap of $34.17 billion, a P/E ratio of 37.04, a price-to-earnings-growth ratio of 1.90 and a beta of 0.83. Vulcan Materials has a one year low of $166.43 and a one year high of $276.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.06. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. Vulcan Materials’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. Research analysts anticipate that Vulcan Materials will post 8.38 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a dividend of $0.46 per share. The ex-dividend date was Friday, March 1st. This represents a $1.84 annualized dividend and a dividend yield of 0.71%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s dividend payout ratio (DPR) is 26.36%.

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.