Ironvine Capital Partners LLC Purchases New Shares in Vulcan Materials Company $VMC

Ironvine Capital Partners LLC acquired a new stake in shares of Vulcan Materials Company (NYSE:VMC) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 34,046 shares of the construction company’s stock, valued at approximately $10,044,000.

Other hedge funds have also recently bought and sold shares of the company. Chesapeake Capital Corp IL lifted its position in shares of Vulcan Materials by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after purchasing an additional 33 shares in the last quarter. Composition Wealth LLC grew its position in Vulcan Materials by 3.5% in the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after purchasing an additional 34 shares in the last quarter. Truist Financial Corp grew its position in Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after purchasing an additional 38 shares in the last quarter. United Capital Financial Advisors LLC increased its stake in Vulcan Materials by 1.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after buying an additional 38 shares during the last quarter. Finally, 4WEALTH Advisors Inc. increased its stake in Vulcan Materials by 3.2% in the 1st quarter. 4WEALTH Advisors Inc. now owns 1,261 shares of the construction company’s stock valued at $337,000 after buying an additional 39 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Vulcan Materials

In other news, SVP David P. Clement sold 2,000 shares of Vulcan Materials stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $285.10, for a total value of $570,200.00. Following the completion of the transaction, the senior vice president owned 6,716 shares in the company, valued at $1,914,731.60. This trade represents a 22.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director J Thomas Hill sold 14,000 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $276.17, for a total transaction of $3,866,380.00. Following the completion of the sale, the director directly owned 58,209 shares in the company, valued at approximately $16,075,579.53. This trade represents a 19.39% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 18,212 shares of company stock worth $5,083,125 over the last 90 days. 0.65% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently weighed in on VMC. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the stock a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday. DA Davidson assumed coverage on Vulcan Materials in a report on Tuesday, August 25th. They set a “buy” rating and a $330.00 price target on the stock. Raymond James Financial reissued an “outperform” rating on shares of Vulcan Materials in a research report on Wednesday, July 15th. Finally, UBS Group reduced their price objective on Vulcan Materials from $350.00 to $349.00 and set a “buy” rating for the company in a research note on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.64.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $259.53 on Wednesday. The company has a current ratio of 1.76, a quick ratio of 1.20 and a debt-to-equity ratio of 0.47. The stock has a fifty day simple moving average of $285.22 and a two-hundred day simple moving average of $285.14. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The firm has a market cap of $33.63 billion, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 2.43 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, July 29th. The construction company reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.46 by $0.13. Vulcan Materials had a return on equity of 13.05% and a net margin of 13.75%.The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.14 billion. During the same period in the previous year, the company posted $2.42 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis. Analysts anticipate that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Thursday, August 13th will be issued a $0.52 dividend. The ex-dividend date of this dividend is Thursday, August 13th. This represents a $2.08 annualized dividend and a yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is 24.56%.

Vulcan Materials Profile

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.