2,202 Shares in Vulcan Materials Company $VMC Bought by Navigate Wealth Management LLC

Navigate Wealth Management LLC acquired a new position in Vulcan Materials Company (NYSE:VMC) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,202 shares of the construction company’s stock, valued at approximately $640,000.

Several other large investors have also recently made changes to their positions in VMC. NBT Bank N A NY purchased a new position in Vulcan Materials in the fourth quarter valued at approximately $26,000. Measured Wealth Private Client Group LLC purchased a new stake in Vulcan Materials in the third quarter worth $30,000. Birchwood Financial Partners Inc. bought a new stake in shares of Vulcan Materials in the fourth quarter valued at $29,000. Godsey & Gibb Inc. bought a new stake in shares of Vulcan Materials in the fourth quarter valued at $30,000. Finally, WPG Advisers LLC lifted its position in shares of Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after buying an additional 44 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, SVP David P. Clement sold 2,212 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the completion of the transaction, the senior vice president directly owned 8,716 shares in the company, valued at $2,547,599.64. The trade was a 20.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.65% of the stock is currently owned by insiders.

Vulcan Materials Trading Up 0.1%

Shares of VMC opened at $295.50 on Monday. Vulcan Materials Company has a twelve month low of $252.35 and a twelve month high of $331.09. The stock has a market cap of $38.34 billion, a PE ratio of 35.14, a P/E/G ratio of 2.13 and a beta of 1.05. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The business’s 50-day moving average price is $286.70 and its 200-day moving average price is $291.03.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. Vulcan Materials’s revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $1.00 earnings per share. On average, equities analysts forecast that Vulcan Materials Company will post 9.27 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Thursday, August 13th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 13th. Vulcan Materials’s dividend payout ratio (DPR) is presently 24.73%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Sunday. Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the company a “hold” rating in a report on Tuesday, June 2nd. Royal Bank Of Canada cut their target price on shares of Vulcan Materials from $298.00 to $293.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 30th. Finally, Oppenheimer initiated coverage on shares of Vulcan Materials in a research note on Thursday, May 28th. They issued a “market perform” rating for the company. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $327.79.

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.