London Co. of Virginia Sells 43,099 Shares of Vulcan Materials Company $VMC

London Co. of Virginia lessened its stake in Vulcan Materials Company (NYSE:VMC) by 6.2% in the fourth quarter, HoldingsChannel reports. The firm owned 646,566 shares of the construction company’s stock after selling 43,099 shares during the period. London Co. of Virginia’s holdings in Vulcan Materials were worth $184,415,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. NBT Bank N A NY bought a new stake in Vulcan Materials in the fourth quarter valued at about $26,000. Godsey & Gibb Inc. acquired a new position in Vulcan Materials during the fourth quarter valued at approximately $30,000. Measured Wealth Private Client Group LLC acquired a new position in Vulcan Materials during the third quarter valued at approximately $30,000. WPG Advisers LLC grew its holdings in Vulcan Materials by 56.4% during the fourth 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 period. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials during the fourth quarter valued at approximately $36,000. Institutional investors own 90.39% of the company’s stock.

Insider Buying and Selling

In related news, SVP David P. Clement sold 2,212 shares of the stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares of the company’s stock, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Up 2.6%

Shares of Vulcan Materials stock opened at $300.75 on Wednesday. The business’s 50 day simple moving average is $283.30 and its 200 day simple moving average is $290.09. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The firm has a market cap of $39.03 billion, a PE ratio of 35.76, a P/E/G ratio of 2.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter last year, the firm earned $1.00 EPS. Vulcan Materials’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, analysts predict that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on VMC shares. DA Davidson decreased their price objective on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Barclays boosted their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Finally, Oppenheimer assumed coverage on Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating for the company. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $326.92.

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.