SteelPeak Wealth LLC Buys 57 Shares of Vulcan Materials (NYSE:VMC)

SteelPeak Wealth LLC raised its stake in shares of Vulcan Materials (NYSE:VMC) by 2.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 2,057 shares of the construction company’s stock after purchasing an additional 57 shares during the quarter. SteelPeak Wealth LLC’s holdings in Vulcan Materials were worth $561,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VMC. Register Financial Advisors LLC bought a new stake in Vulcan Materials in the first quarter valued at about $27,000. Opal Wealth Advisors LLC bought a new stake in Vulcan Materials in the first quarter valued at about $33,000. Exchange Traded Concepts LLC bought a new stake in Vulcan Materials in the fourth quarter valued at about $28,000. Private Wealth Management Group LLC bought a new stake in Vulcan Materials in the fourth quarter valued at about $45,000. Finally, Trust Co. of Vermont increased its stake in Vulcan Materials by 144.0% in the fourth quarter. Trust Co. of Vermont now owns 244 shares of the construction company’s stock valued at $55,000 after acquiring an additional 144 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.4 %

Shares of VMC stock traded up $0.92 during trading hours on Friday, hitting $248.68. 988,674 shares of the company were exchanged, compared to its average volume of 750,945. The business has a 50 day moving average of $256.82 and a two-hundred day moving average of $250.00. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $276.58. The company has a market capitalization of $32.89 billion, a PE ratio of 36.30, a PEG ratio of 1.86 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data 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 company had revenue of $1.55 billion for 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 was down 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.95 EPS. Analysts anticipate that Vulcan Materials will post 8.51 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

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

Analyst Ratings Changes

Several analysts have weighed in on VMC shares. Citigroup upped their price objective on shares of Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 price objective (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Royal Bank of Canada upped their price objective on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Jefferies Financial Group upped their price objective on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Finally, Wolfe Research lowered shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $277.08.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the stock in a transaction 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 sale, the president now owns 1,300 shares in the company, valued at $354,835. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the stock in a transaction 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 sale, the president now owns 1,300 shares in the company, valued at $354,835. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP David P. Clement sold 1,000 shares of the 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 sale, the senior vice president now owns 1,660 shares of the company’s stock, valued at approximately $414,170. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 17,210 shares of company stock valued at $4,653,520. Corporate insiders own 0.62% of the company’s stock.

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.