Valley Brook Capital Group Inc. Purchases New Position in Vulcan Materials (NYSE:VMC)

Valley Brook Capital Group Inc. purchased a new stake in Vulcan Materials (NYSE:VMC) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 975 shares of the construction company’s stock, valued at approximately $221,000.

A number of other institutional investors and hedge funds have also bought and sold shares of VMC. Commonwealth Equity Services LLC grew its stake in Vulcan Materials by 1.4% in the 3rd quarter. Commonwealth Equity Services LLC now owns 35,095 shares of the construction company’s stock valued at $7,090,000 after buying an additional 500 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Vulcan Materials by 4.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,220 shares of the construction company’s stock valued at $2,671,000 after buying an additional 551 shares during the last quarter. Raymond James & Associates grew its stake in Vulcan Materials by 4.0% in the 3rd quarter. Raymond James & Associates now owns 211,962 shares of the construction company’s stock valued at $42,821,000 after buying an additional 8,185 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Vulcan Materials by 10.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 21,574 shares of the construction company’s stock valued at $4,358,000 after buying an additional 2,015 shares during the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in Vulcan Materials by 1.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock valued at $656,000 after buying an additional 51 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.0 %

Shares of VMC stock traded up $0.03 during mid-day trading on Friday, reaching $264.44. 809,401 shares of the stock traded hands, compared to its average volume of 699,108. The company has a market cap of $34.98 billion, a price-to-earnings ratio of 38.60, a price-to-earnings-growth ratio of 1.98 and a beta of 0.83. The company has a quick ratio of 2.39, a current ratio of 2.74 and a debt-to-equity ratio of 0.44. The stock’s fifty day simple moving average is $265.53 and its two-hundred day simple moving average is $236.84. Vulcan Materials has a 1-year low of $187.20 and a 1-year high of $276.58.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The business had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business earned $0.95 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, research analysts anticipate that Vulcan Materials will post 8.5 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, March 1st. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. Vulcan Materials’s payout ratio is 26.86%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on VMC. Royal Bank of Canada increased their price target on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research report on Friday. Truist Financial increased their price target on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $270.00 price target (up previously from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Stephens increased their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Citigroup increased their price target on shares of Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $277.08.

Insider Buying and Selling

In related news, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the transaction, the vice president now directly owns 1,896 shares of the company’s stock, valued at approximately $483,991.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, VP Randy L. Pigg sold 307 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the sale, the vice president now directly owns 1,896 shares in the company, valued at $483,991.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Melissa H. Anderson sold 1,200 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $260.48, for a total transaction of $312,576.00. Following the transaction, the director now owns 330 shares of the company’s stock, valued at approximately $85,958.40. The disclosure for this sale can be found here. Insiders have sold a total of 13,017 shares of company stock valued at $3,344,741 over the last 90 days. 0.62% of the stock is owned by insiders.

Vulcan Materials Company 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.