MidFirst Bank Buys Shares of 7,633 Vulcan Materials Company $VMC

MidFirst Bank purchased a new position in shares of Vulcan Materials Company (NYSE:VMC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,633 shares of the construction company’s stock, valued at approximately $2,177,000.

A number of other large investors also recently modified their holdings of VMC. NBT Bank N A NY bought a new position in Vulcan Materials during the 4th quarter worth $26,000. Birchwood Financial Partners Inc. acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at about $29,000. Godsey & Gibb Inc. bought a new position in shares of Vulcan Materials during the fourth quarter worth about $30,000. Measured Wealth Private Client Group LLC bought a new position in shares of Vulcan Materials during the third quarter worth about $30,000. Finally, WPG Advisers LLC lifted its stake in shares of Vulcan Materials by 56.4% in the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after acquiring an additional 44 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Trading Up 3.0%

NYSE VMC opened at $303.63 on Friday. The business has a 50 day simple moving average of $284.07 and a 200 day simple moving average of $290.13. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The stock has a market capitalization of $39.40 billion, a P/E ratio of 36.10, a P/E/G ratio of 2.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping 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 the consensus estimate of $1.64 billion. During the same period in the previous year, the company posted $1.00 earnings per share. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. Research analysts expect that Vulcan Materials Company will post 9.28 earnings per share for the current year.

Vulcan Materials Announces Dividend

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

Analyst Ratings Changes

VMC has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of Vulcan Materials from $320.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. 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 research note on Wednesday, March 4th. Royal Bank Of Canada upped their price objective on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a research note on Thursday, April 30th. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research report on Thursday, April 30th. Finally, Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Seven investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Vulcan Materials presently has an average rating of “Hold” and an average price target of $326.92.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president owned 8,716 shares in the company, valued at $2,547,599.64. The trade was a 20.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.65% of the stock is owned by corporate 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.