Greenup Street Wealth Management LLC Makes New $4.17 Million Investment in Vulcan Materials Company $VMC

Greenup Street Wealth Management LLC acquired a new stake in Vulcan Materials Company (NYSE:VMC) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,322 shares of the construction company’s stock, valued at approximately $4,172,000. Vulcan Materials comprises 0.6% of Greenup Street Wealth Management LLC’s holdings, making the stock its 29th biggest position.

Other large investors have also modified their holdings of the company. Brighton Jones LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $497,000. NewEdge Advisors LLC raised its position in Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after purchasing an additional 163 shares during the last quarter. Empowered Funds LLC boosted its stake in Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after purchasing an additional 190 shares during the period. Focus Partners Wealth boosted its stake in Vulcan Materials by 28.5% during the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after purchasing an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. grew its position in Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after purchasing an additional 80 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMC has been the topic of a number of recent research reports. Citigroup dropped their price objective on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Wells Fargo & Company increased their target price on shares of Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Wall Street Zen raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Morgan Stanley dropped their price target on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, Stephens upped their price objective on Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials currently has an average rating of “Hold” and an average price target of $326.92.

Insider Transactions at Vulcan Materials

In related news, SVP David P. Clement sold 2,212 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were 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 owned 8,716 shares in the company, valued at $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 available at this link. 0.65% of the stock is owned by corporate insiders.

Vulcan Materials Stock Performance

NYSE:VMC opened at $307.49 on Thursday. 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 firm has a market cap of $39.90 billion, a price-to-earnings ratio of 36.56, a price-to-earnings-growth ratio of 2.16 and a beta of 1.05. The firm’s fifty day moving average price is $284.82 and its 200 day moving average price is $290.46. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the prior year, the firm earned $1.00 EPS. Vulcan Materials’s quarterly revenue was up 7.4% on a year-over-year basis. On average, sell-side analysts expect that Vulcan Materials Company will post 9.28 EPS for the current year.

Vulcan Materials Announces Dividend

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

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.