Financial Partners Group LLC Sells 571 Shares of Vulcan Materials (NYSE:VMC)

Financial Partners Group LLC lessened its position in Vulcan Materials (NYSE:VMC) by 7.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,409 shares of the construction company’s stock after selling 571 shares during the period. Financial Partners Group LLC’s holdings in Vulcan Materials were worth $2,022,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its position in Vulcan Materials by 5.0% during the third quarter. LPL Financial LLC now owns 73,930 shares of the construction company’s stock valued at $14,935,000 after purchasing an additional 3,519 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in Vulcan Materials during the third quarter valued at approximately $1,952,000. O Shaughnessy Asset Management LLC lifted its position in 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 purchasing an additional 1,390 shares during the period. Vinva Investment Management Ltd lifted its position in Vulcan Materials by 39.8% during the third quarter. Vinva Investment Management Ltd now owns 3,703 shares of the construction company’s stock valued at $759,000 after purchasing an additional 1,054 shares during the period. Finally, Treasurer of the State of North Carolina lifted its position in Vulcan Materials by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 58,208 shares of the construction company’s stock valued at $11,759,000 after purchasing an additional 290 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.4 %

Shares of Vulcan Materials stock traded up $0.92 during trading on Friday, hitting $248.68. The stock had a trading volume of 988,674 shares, compared to its average volume of 750,945. The firm’s fifty day simple moving average is $256.82 and its 200-day simple moving average is $250.00. The stock has a market cap of $32.89 billion, a PE ratio of 36.30, a PEG ratio of 1.86 and a beta of 0.84. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. Vulcan Materials has a 12 month low of $190.51 and a 12 month high of $276.58.

Vulcan Materials (NYSE:VMC) last released its earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.11). The firm 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%. Vulcan Materials’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 EPS. As a group, sell-side analysts expect that Vulcan Materials will post 8.51 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were issued a $0.46 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.84 annualized dividend and a dividend yield of 0.74%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Truist Financial increased 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 increased their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research report on Friday, May 3rd. Jefferies Financial Group increased their price target on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Citigroup increased their price target on shares of Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $277.08.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 1,000 shares of Vulcan Materials stock in a transaction dated 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 sale, the senior vice president now owns 1,660 shares in the company, valued at approximately $414,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 sale, the president now owns 1,300 shares in the company, valued at approximately $354,835. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP David P. Clement sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following 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. In the last quarter, insiders sold 17,210 shares of company stock worth $4,653,520. 0.62% of the stock is currently owned by insiders.

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.