Vulcan Materials Company $VMC Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in Vulcan Materials Company (NYSE:VMC) by 151.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 263,951 shares of the construction company’s stock after buying an additional 158,774 shares during the quarter. SG Americas Securities LLC’s holdings in Vulcan Materials were worth $71,874,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of VMC. NBT Bank N A NY acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $26,000. Birchwood Financial Partners Inc. bought a new position in Vulcan Materials in the 4th quarter worth approximately $29,000. Godsey & Gibb Inc. acquired a new stake in Vulcan Materials in the 4th quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials in the 3rd quarter valued at approximately $30,000. Finally, WPG Advisers LLC raised its stake in Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares in the company, valued at $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Stock Up 0.7%

Shares of Vulcan Materials stock opened at $304.93 on Tuesday. The stock’s fifty day moving average is $284.52 and its 200-day moving average is $290.32. The firm has a market capitalization of $39.57 billion, a PE ratio of 36.26, a price-to-earnings-growth ratio of 2.19 and a beta of 1.05. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the company posted $1.00 EPS. Vulcan Materials’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities analysts anticipate that Vulcan Materials Company will post 9.28 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.52 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is currently 24.73%.

Analyst Upgrades and Downgrades

VMC has been the subject of several recent analyst reports. Stephens increased their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Citigroup cut their price objective on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Barclays raised their target price on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $326.92.

About Vulcan Materials

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.