Syon Capital LLC Buys 368 Shares of Vulcan Materials (NYSE:VMC)

Syon Capital LLC boosted its stake in Vulcan Materials (NYSE:VMC) by 19.0% during the 4th quarter, Holdings Channel reports. The firm owned 2,301 shares of the construction company’s stock after buying an additional 368 shares during the quarter. Syon Capital LLC’s holdings in Vulcan Materials were worth $522,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VMC. Stratos Wealth Partners LTD. raised its stake 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. Greenleaf Trust boosted its holdings in Vulcan Materials by 2.7% during the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock valued at $406,000 after acquiring an additional 52 shares during the period. Stonegate Investment Group LLC grew its position in Vulcan Materials by 0.3% in the 4th quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock valued at $4,598,000 after acquiring an additional 52 shares during the last quarter. Signaturefd LLC grew its position in Vulcan Materials by 3.7% in the 3rd quarter. Signaturefd LLC now owns 1,498 shares of the construction company’s stock valued at $303,000 after acquiring an additional 54 shares during the last quarter. Finally, MCF Advisors LLC increased its stake in Vulcan Materials by 22.4% in the fourth quarter. MCF Advisors LLC now owns 295 shares of the construction company’s stock worth $67,000 after purchasing an additional 54 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of VMC opened at $261.24 on Friday. The firm has a market capitalization of $34.55 billion, a price-to-earnings ratio of 37.43, a PEG ratio of 1.87 and a beta of 0.83. The firm’s fifty day simple moving average is $264.85 and its 200-day simple moving average is $234.73. The company has a current ratio of 3.17, a quick ratio of 2.39 and a debt-to-equity ratio of 0.52. Vulcan Materials has a twelve month low of $166.54 and a twelve month high of $276.58.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.06. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business had revenue of $1.83 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the prior year, the business posted $1.08 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Equities analysts forecast that Vulcan Materials will post 8.47 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a $0.46 dividend. The ex-dividend date was Friday, March 1st. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a yield of 0.70%. Vulcan Materials’s payout ratio is currently 26.36%.

Insider Activity at Vulcan Materials

In other news, insider Stanley G. Bass sold 8,310 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the sale, the insider now owns 29,311 shares in the company, valued at $7,376,992.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the transaction, the insider now directly owns 29,311 shares of the company’s stock, valued at $7,376,992.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Randy L. Pigg sold 307 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the transaction, the vice president now directly owns 1,896 shares of the company’s stock, valued at $483,991.92. The disclosure for this sale can be found here. Insiders have sold 13,017 shares of company stock worth $3,344,741 in the last quarter. Company insiders own 0.62% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $270.00 price target (up from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Morgan Stanley initiated coverage on Vulcan Materials in a report on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price target for the company. Truist Financial upped their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. Royal Bank of Canada boosted their price objective on shares of Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 20th. Finally, The Goldman Sachs Group increased their target price on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $273.00.

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.