Venturi Wealth Management LLC Invests $748,000 in Vulcan Materials Company $VMC

Venturi Wealth Management LLC bought a new position in shares of Vulcan Materials Company (NYSE:VMC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,749 shares of the construction company’s stock, valued at approximately $748,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. NBT Bank N A NY acquired a new stake in Vulcan Materials in the 4th quarter valued at $26,000. Birchwood Financial Partners Inc. purchased a new position in Vulcan Materials during the 4th quarter valued at about $29,000. Measured Wealth Private Client Group LLC bought a new position in shares of Vulcan Materials in the third quarter worth $30,000. Godsey & Gibb Inc. bought a new stake in Vulcan Materials during the fourth quarter valued at approximately $30,000. Finally, WPG Advisers LLC increased its position in shares of 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 purchasing an additional 44 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the topic of several research reports. Wells Fargo & Company lifted their price target on Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a report on Thursday, April 30th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Finally, 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. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $326.92.

Insider Buying and Selling at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $292.29, for a total value of $646,545.48. Following the completion of the sale, the senior vice president directly owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.65% of the stock is currently owned by company insiders.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $311.37 on Monday. The business has a 50 day simple moving average of $285.54 and a two-hundred day simple moving average of $290.70. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The stock has a market capitalization of $40.40 billion, a P/E ratio of 37.02, a PEG ratio of 2.25 and a beta of 1.05. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.00 EPS. As a group, analysts predict that Vulcan Materials Company will post 9.28 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Vulcan Materials Company 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.