Eagle Bay Advisors LLC Boosts Stock Holdings in Vulcan Materials (NYSE:VMC)

Eagle Bay Advisors LLC grew its position in shares of Vulcan Materials (NYSE:VMC) by 708.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 372 shares of the construction company’s stock after purchasing an additional 326 shares during the quarter. Eagle Bay Advisors LLC’s holdings in Vulcan Materials were worth $102,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Register Financial Advisors LLC purchased a new stake in Vulcan Materials in the 1st quarter worth $27,000. Exchange Traded Concepts LLC purchased a new stake in Vulcan Materials in the 4th quarter worth $28,000. Opal Wealth Advisors LLC purchased a new stake in Vulcan Materials in the 1st quarter worth $33,000. YHB Investment Advisors Inc. purchased a new stake in Vulcan Materials in the 1st quarter worth $34,000. Finally, Concord Wealth Partners purchased a new stake in Vulcan Materials in the 1st quarter worth $34,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 0.3 %

NYSE VMC traded up $0.86 during trading hours on Thursday, reaching $256.66. The company had a trading volume of 208,859 shares, compared to its average volume of 765,440. The stock has a 50-day moving average of $253.45 and a 200 day moving average of $252.01. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $276.58. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $33.94 billion, a P/E ratio of 37.73, a price-to-earnings-growth ratio of 1.99 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company earned $0.95 EPS. The company’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, research analysts anticipate that Vulcan Materials will post 8.42 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th will be given a $0.46 dividend. The ex-dividend date is Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials’s payout ratio is currently 26.86%.

Analysts Set New Price Targets

Several equities research analysts recently commented on VMC shares. Stephens boosted their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $270.00 target price (up previously from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Jefferies Financial Group lifted their target price 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. Citigroup lowered their target price on shares of Vulcan Materials from $322.00 to $297.00 and set a “buy” rating on the stock in a research note on Thursday, July 11th. Finally, Royal Bank of Canada lifted their target price 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. Five investment analysts have rated the stock with a hold rating and eleven 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 target price of $277.08.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the company’s stock in a transaction dated 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 transaction, the president now owns 1,300 shares of the company’s stock, valued at $354,835. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Vulcan Materials news, President Thompson S. Baker II sold 8,600 shares of the business’s 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 sale, the president now directly owns 1,300 shares in the company, valued at $354,835. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the sale, the senior vice president now owns 2,660 shares in the company, valued at $676,970. The disclosure for this sale can be found here. Insiders have sold 17,210 shares of company stock valued at $4,653,520 over the last 90 days. 0.62% of the stock is owned by insiders.

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.