Avalon Trust Co Makes New $58,000 Investment in Vulcan Materials (NYSE:VMC)

Avalon Trust Co acquired a new position in shares of Vulcan Materials (NYSE:VMC) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 255 shares of the construction company’s stock, valued at approximately $58,000.

Several other hedge funds also recently modified their holdings of the stock. Strs Ohio boosted its position in Vulcan Materials by 6.3% during the fourth quarter. Strs Ohio now owns 74,103 shares of the construction company’s stock valued at $16,822,000 after purchasing an additional 4,412 shares during the last quarter. Nordea Investment Management AB increased its holdings in Vulcan Materials by 50.6% during the fourth quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company’s stock worth $7,384,000 after buying an additional 10,991 shares during the last quarter. Federated Hermes Inc. raised its position in Vulcan Materials by 53.6% during the fourth quarter. Federated Hermes Inc. now owns 81,319 shares of the construction company’s stock worth $18,460,000 after acquiring an additional 28,369 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Vulcan Materials by 17,706.3% in the fourth quarter. International Assets Investment Management LLC now owns 47,899 shares of the construction company’s stock valued at $10,874,000 after acquiring an additional 47,630 shares during the last quarter. Finally, Smith Salley & Associates bought a new position in shares of Vulcan Materials in the 4th quarter valued at about $3,185,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on VMC. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a research note on Friday, March 22nd. Truist Financial lifted their target price on Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Stephens increased their price target on Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday. The Goldman Sachs Group upped their price objective on shares of Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a report on Tuesday, February 20th. Finally, Raymond James lifted their target price on shares of Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $277.08.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the sale, the senior vice president now owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Vulcan Materials news, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the completion of the transaction, the insider now directly owns 29,311 shares of the company’s stock, valued at approximately $7,376,992.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,017 shares of company stock valued at $3,344,741. Company insiders own 0.62% of the company’s stock.

Vulcan Materials Price Performance

Vulcan Materials stock traded up $0.03 during mid-day trading on Friday, reaching $264.44. 809,401 shares of the company were exchanged, compared to its average volume of 699,108. The firm has a market cap of $34.98 billion, a PE ratio of 38.60, a PEG ratio of 1.98 and a beta of 0.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 2.39. The company has a fifty day simple moving average of $265.53 and a 200-day simple moving average of $236.84. Vulcan Materials has a 12 month low of $187.20 and a 12 month high of $276.58.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The firm’s revenue for the quarter was down 6.2% on a year-over-year basis. As a group, equities research analysts expect that Vulcan Materials will post 8.5 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, March 1st. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 annualized dividend and a dividend yield of 0.70%. Vulcan Materials’s payout ratio is presently 26.86%.

Vulcan Materials Profile

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.