LVM Capital Management Ltd. MI Makes New $540,000 Investment in Vulcan Materials Company $VMC

LVM Capital Management Ltd. MI purchased a new position in shares of Vulcan Materials Company (NYSE:VMC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,755 shares of the construction company’s stock, valued at approximately $540,000.

Several other hedge funds and other institutional investors have also made changes to their positions in VMC. Brighton Jones LLC acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $497,000. Algert Global LLC increased its position in shares of Vulcan Materials by 3.5% during the first quarter. Algert Global LLC now owns 2,345 shares of the construction company’s stock worth $547,000 after acquiring an additional 80 shares during the period. Quantbot Technologies LP purchased a new stake in shares of Vulcan Materials during the first quarter worth $1,726,000. Credit Agricole S A raised its stake in shares of Vulcan Materials by 7.6% in the first quarter. Credit Agricole S A now owns 38,741 shares of the construction company’s stock valued at $9,038,000 after acquiring an additional 2,724 shares in the last quarter. Finally, CW Advisors LLC purchased a new position in Vulcan Materials in the first quarter valued at $351,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citigroup lowered their target price on Vulcan Materials from $356.00 to $342.00 and set a “buy” rating for the company in a research note on Monday, November 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research report on Thursday, October 30th. Raymond James Financial upped their target price on shares of Vulcan Materials from $295.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Stifel Nicolaus set a $327.00 price target on shares of Vulcan Materials in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada lowered their price target on shares of Vulcan Materials from $279.00 to $278.00 and set a “sector perform” rating for the company in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $317.58.

Vulcan Materials Trading Up 1.3%

VMC opened at $292.11 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.56 and a current ratio of 2.23. Vulcan Materials Company has a one year low of $215.08 and a one year high of $311.74. The company has a market cap of $38.60 billion, a P/E ratio of 34.69, a PEG ratio of 2.36 and a beta of 1.06. The business’s 50-day simple moving average is $292.18 and its 200-day simple moving average is $284.71.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Thursday, October 30th. The construction company reported $2.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.72 by $0.12. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Vulcan Materials had a return on equity of 13.47% and a net margin of 14.19%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.22 earnings per share. As a group, equities research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th were issued a $0.49 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is presently 23.28%.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, SVP Denson N. Franklin III sold 665 shares of the company’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $295.00, for a total value of $196,175.00. Following the completion of the transaction, the senior vice president owned 8,284 shares in the company, valued at $2,443,780. This represents a 7.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP David P. Clement sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $288.55, for a total value of $577,100.00. Following the transaction, the senior vice president directly owned 832 shares in the company, valued at approximately $240,073.60. The trade was a 70.62% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 20,471 shares of company stock valued at $6,054,615 in the last ninety days. Insiders own 0.62% of the company’s stock.

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.