Calamos Advisors LLC Acquires 14,425 Shares of Vulcan Materials (NYSE:VMC)

Calamos Advisors LLC boosted its holdings in shares of Vulcan Materials (NYSE:VMC) by 38.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 51,887 shares of the construction company’s stock after purchasing an additional 14,425 shares during the quarter. Calamos Advisors LLC’s holdings in Vulcan Materials were worth $11,779,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Vulcan Materials by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 14,535,907 shares of the construction company’s stock valued at $2,670,246,000 after purchasing an additional 184,543 shares during the period. JPMorgan Chase & Co. raised its stake in Vulcan Materials by 47.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,503,484 shares of the construction company’s stock valued at $909,794,000 after purchasing an additional 1,447,700 shares during the period. FMR LLC raised its stake in Vulcan Materials by 6.8% during the 3rd quarter. FMR LLC now owns 3,042,842 shares of the construction company’s stock valued at $614,715,000 after purchasing an additional 194,337 shares during the period. Geode Capital Management LLC raised its stake in Vulcan Materials by 1.8% during the 1st quarter. Geode Capital Management LLC now owns 2,855,417 shares of the construction company’s stock valued at $488,810,000 after purchasing an additional 50,151 shares during the period. Finally, Northern Trust Corp raised its stake in Vulcan Materials by 2.2% during the 3rd quarter. Northern Trust Corp now owns 2,481,652 shares of the construction company’s stock valued at $501,343,000 after purchasing an additional 54,450 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Activity at Vulcan Materials

In related news, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the transaction, the vice president now owns 1,896 shares in the company, valued at approximately $483,991.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the transaction, the vice president now owns 1,896 shares in the company, valued at approximately $483,991.92. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total value of $862,336.00. Following the transaction, the senior vice president now owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. 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 quarter. 0.62% of the stock is owned by company insiders.

Vulcan Materials Stock Performance

NYSE VMC opened at $252.06 on Friday. The company has a market cap of $33.34 billion, a P/E ratio of 36.11, a P/E/G ratio of 1.85 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17. The business’s 50 day moving average price is $263.37 and its 200-day moving average price is $232.95. Vulcan Materials has a fifty-two week low of $166.43 and a fifty-two week high of $276.58.

Vulcan Materials (NYSE:VMC) last released its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.40 by $0.06. The firm had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS. Sell-side analysts predict that Vulcan Materials will post 8.43 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s payout ratio is presently 26.36%.

Analysts Set New Price Targets

VMC has been the topic of a number of research reports. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Jefferies Financial Group lifted their price objective on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday. Raymond James lifted their price objective on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Citigroup lifted their price objective on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, Truist Financial lifted their price objective on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus target price of $273.00.

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.