Virtu Financial LLC Acquires Shares of 2,162 Vulcan Materials Company $VMC

Virtu Financial LLC acquired a new stake in Vulcan Materials Company (NYSE:VMC) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,162 shares of the construction company’s stock, valued at approximately $617,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Chesapeake Capital Corp IL lifted its holdings in Vulcan Materials by 0.9% during the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock valued at $1,059,000 after purchasing an additional 33 shares during the last quarter. Composition Wealth LLC boosted its holdings in shares of Vulcan Materials by 3.5% during the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after buying an additional 34 shares during the period. Capital Investment Advisors LLC grew its stake in Vulcan Materials by 5.5% in the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock valued at $206,000 after buying an additional 38 shares during the last quarter. Truist Financial Corp grew its stake in Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after buying an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC raised its holdings in Vulcan Materials by 1.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock valued at $952,000 after acquiring an additional 38 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Up 0.7%

Shares of VMC opened at $304.93 on Tuesday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The firm’s 50 day moving average is $284.52 and its 200-day moving average is $290.32. The stock has a market capitalization of $39.57 billion, a PE ratio of 36.26, a P/E/G ratio of 2.19 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results 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. 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 analysts’ expectations 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% compared to the same quarter last year. Equities research analysts forecast that Vulcan Materials Company will post 9.28 EPS for the current year.

Vulcan Materials Dividend Announcement

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

Insider Activity at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the firm’s 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 transaction, the senior vice president owned 8,716 shares in the company, valued at approximately $2,547,599.64. This trade represents a 20.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VMC. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a report on Thursday, April 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Citigroup dropped their price target on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a report on Friday, May 1st. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research note on Thursday, April 30th. Finally, Barclays upped their price objective on Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $326.92.

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.