Waverly Advisors LLC Buys 699 Shares of Vulcan Materials (NYSE:VMC)

Waverly Advisors LLC raised its stake in shares of Vulcan Materials (NYSE:VMC) by 4.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,207 shares of the construction company’s stock after acquiring an additional 699 shares during the quarter. Waverly Advisors LLC’s holdings in Vulcan Materials were worth $4,696,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Contravisory Investment Management Inc. raised its holdings in shares of Vulcan Materials by 1.6% in the first quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock valued at $704,000 after buying an additional 40 shares during the last quarter. Commerce Bank raised its holdings in shares of Vulcan Materials by 1.0% in the fourth quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock valued at $1,008,000 after buying an additional 43 shares during the last quarter. Brighton Jones LLC raised its holdings in shares of Vulcan Materials by 2.4% in the fourth quarter. Brighton Jones LLC now owns 1,916 shares of the construction company’s stock valued at $435,000 after buying an additional 45 shares during the last quarter. Covestor Ltd raised its holdings in shares of Vulcan Materials by 13.6% in the first quarter. Covestor Ltd now owns 425 shares of the construction company’s stock valued at $116,000 after buying an additional 51 shares during the last quarter. Finally, Stonegate Investment Group LLC raised its holdings in shares of Vulcan Materials by 0.3% in the fourth quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock valued at $4,598,000 after buying an additional 52 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Stephens boosted their price objective on Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. Truist Financial boosted their price objective on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a report on Tuesday, April 2nd. Jefferies Financial Group boosted their price objective on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Citigroup dropped their price objective on Vulcan Materials from $322.00 to $297.00 and set a “buy” rating for the company in a report on Thursday, July 11th. Finally, Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a report on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $277.08.

Insider Buying and Selling

In related news, SVP David P. Clement sold 1,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the sale, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at approximately $414,170. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, President Thompson S. Baker II sold 6,610 shares of the stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the completion of the sale, the president now directly owns 4,784 shares of the company’s stock, valued at approximately $1,304,309.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP David P. Clement sold 1,000 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $249.50, for a total value of $249,500.00. Following the sale, the senior vice president now directly owns 1,660 shares of the company’s stock, valued at $414,170. The disclosure for this sale can be found here. In the last three months, insiders sold 17,210 shares of company stock valued at $4,653,520. 0.62% of the stock is owned by corporate insiders.

Vulcan Materials Trading Up 2.3 %

Shares of Vulcan Materials stock traded up $6.20 during trading on Tuesday, hitting $270.73. 544,685 shares of the company were exchanged, compared to its average volume of 763,118. The firm has a market capitalization of $35.80 billion, a P/E ratio of 39.56, a price-to-earnings-growth ratio of 2.18 and a beta of 0.82. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $276.58. The firm’s fifty day moving average price is $252.12 and its 200 day moving average price is $254.16. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Vulcan Materials’s quarterly revenue was down 6.2% compared to the same quarter last year. As a group, sell-side analysts expect that Vulcan Materials will post 8.32 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 4th. Investors of record on Thursday, August 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.68%. Vulcan Materials’s payout ratio is 26.86%.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.