Geneva Capital Management LLC Acquires 7,041 Shares of Vulcan Materials Company $VMC

Geneva Capital Management LLC lifted its position in shares of Vulcan Materials Company (NYSE:VMC) by 13.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,148 shares of the construction company’s stock after acquiring an additional 7,041 shares during the quarter. Geneva Capital Management LLC’s holdings in Vulcan Materials were worth $18,503,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VMC. Westside Investment Management Inc. lifted its stake in Vulcan Materials by 100.0% in the third quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after buying an additional 42 shares during the period. Greykasell Wealth Strategies Inc. bought a new position in Vulcan Materials during the third quarter worth about $29,000. Atlantic Union Bankshares Corp bought a new stake in shares of Vulcan Materials during the second quarter valued at about $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Vulcan Materials in the 3rd quarter valued at about $42,000. Finally, Bayforest Capital Ltd bought a new position in shares of Vulcan Materials during the 3rd quarter valued at about $46,000. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of several research analyst reports. Wells Fargo & Company dropped their price objective on Vulcan Materials from $317.00 to $315.00 and set an “equal weight” rating for the company in a report on Wednesday, February 18th. Royal Bank Of Canada dropped their price target on shares of Vulcan Materials from $316.00 to $296.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 18th. Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Weiss Ratings reiterated a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Finally, DA Davidson reduced their price target on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.29.

Vulcan Materials Trading Down 1.9%

Shares of Vulcan Materials stock opened at $266.74 on Thursday. Vulcan Materials Company has a twelve month low of $218.87 and a twelve month high of $331.09. The firm’s 50-day moving average price is $303.29 and its 200 day moving average price is $297.18. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $34.83 billion, a PE ratio of 32.85, a P/E/G ratio of 2.01 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.11 by ($0.41). Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The business had revenue of $1.91 billion for the quarter, compared to analyst estimates of $1.95 billion. During the same period last year, the business earned $2.17 EPS. Vulcan Materials’s revenue was up 3.2% compared to the same quarter last year. On average, sell-side analysts predict that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 23rd. Stockholders of record on Monday, March 9th will be given a $0.52 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, March 9th. Vulcan Materials’s dividend payout ratio (DPR) is currently 25.62%.

Insider Buying and Selling at Vulcan Materials

In related news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $303.72, for a total value of $345,329.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by company insiders.

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.