Vulcan Materials Company $VMC Shares Bought by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC raised its position in Vulcan Materials Company (NYSE:VMC) by 12,052.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,066 shares of the construction company’s stock after acquiring an additional 2,049 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Vulcan Materials were worth $589,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VMC. Brighton Jones LLC acquired a new stake in Vulcan Materials in the fourth quarter valued at approximately $497,000. NewEdge Advisors LLC grew its position in Vulcan Materials by 3.9% in the first quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after acquiring an additional 163 shares in the last quarter. Empowered Funds LLC grew its position in Vulcan Materials by 6.3% in the first quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after acquiring an additional 190 shares in the last quarter. Focus Partners Wealth grew its position in Vulcan Materials by 28.5% in the first quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after acquiring an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Vulcan Materials by 31.5% in the first quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after acquiring an additional 80 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of several recent research reports. Citigroup lowered their price objective on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Barclays increased their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a research report on Tuesday. Oppenheimer began coverage on Vulcan Materials in a research note on Thursday, May 28th. They set a “market perform” rating for the company. Finally, Stephens increased their target price 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 analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Hold” and a consensus price target of $326.92.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $283.28 on Friday. The stock has a market cap of $36.76 billion, a P/E ratio of 33.68, a price-to-earnings-growth ratio of 2.06 and a beta of 1.05. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The stock has a 50 day moving average of $281.53 and a 200-day moving average of $290.30. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.00 EPS. On average, analysts expect that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s 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.