Vulcan Materials Company $VMC Stock Holdings Lifted by Mirabella Financial Services LLP

Mirabella Financial Services LLP lifted its holdings in shares of Vulcan Materials Company (NYSE:VMC) by 14.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,037 shares of the construction company’s stock after purchasing an additional 2,838 shares during the quarter. Mirabella Financial Services LLP’s holdings in Vulcan Materials were worth $6,949,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Vulcan Materials by 1.3% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 889,352 shares of the construction company’s stock worth $273,577,000 after buying an additional 11,146 shares during the last quarter. Lone Pine Capital LLC acquired a new stake in shares of Vulcan Materials in the third quarter worth about $425,938,000. Laird Norton Wetherby Wealth Management LLC lifted its position in shares of Vulcan Materials by 9.8% in the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 2,031 shares of the construction company’s stock worth $625,000 after buying an additional 182 shares during the last quarter. Larson Financial Group LLC boosted its position in Vulcan Materials by 8.4% during the third quarter. Larson Financial Group LLC now owns 15,828 shares of the construction company’s stock worth $4,869,000 after purchasing an additional 1,222 shares during the period. Finally, Lido Advisors LLC increased its position in Vulcan Materials by 73.2% during the third quarter. Lido Advisors LLC now owns 10,530 shares of the construction company’s stock worth $3,240,000 after acquiring an additional 4,449 shares during the period. Institutional investors own 90.39% of the company’s stock.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on VMC shares. Zacks Research downgraded shares of Vulcan Materials from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. DA Davidson decreased their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. Wall Street Zen lowered Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, Citigroup raised their target price on Vulcan Materials from $345.00 to $365.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.29.

Vulcan Materials Stock Up 0.2%

Shares of VMC opened at $265.84 on Tuesday. The business’s fifty day moving average price is $301.70 and its two-hundred day moving average price is $296.67. Vulcan Materials Company has a 52 week low of $218.87 and a 52 week high of $331.09. The firm has a market capitalization of $34.71 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.85 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.97 and a current ratio of 2.69.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, February 17th. The construction company reported $1.70 earnings per share for the quarter, missing analysts’ consensus estimates of $2.11 by ($0.41). Vulcan Materials had a return on equity of 12.56% and a net margin of 13.56%.The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same period in the prior year, the business earned $2.17 earnings per share. The company’s revenue for the quarter was up 3.2% compared to the same quarter last year. On average, analysts predict that Vulcan Materials Company will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 23rd. Investors of record on Monday, March 9th will be given a $0.52 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s payout ratio is presently 25.62%.

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.