Becker Capital Management Inc. acquired a new stake in Vulcan Materials (NYSE:VMC) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 2,200 shares of the construction company’s stock, valued at approximately $251,000.
Other institutional investors also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new position in Vulcan Materials in the 4th quarter valued at approximately $133,000. Tower Research Capital LLC TRC increased its stake in Vulcan Materials by 1,140.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,451 shares of the construction company’s stock valued at $187,000 after buying an additional 1,334 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management acquired a new position in Vulcan Materials in the 4th quarter valued at approximately $200,000. Dorsey & Whitney Trust CO LLC acquired a new position in Vulcan Materials in the 4th quarter valued at approximately $205,000. Finally, Cetera Advisor Networks LLC acquired a new position in Vulcan Materials in the 4th quarter valued at approximately $208,000. Hedge funds and other institutional investors own 92.44% of the company’s stock.
Shares of Vulcan Materials opened at $126.04 on Friday, according to MarketBeat. The company has a current ratio of 1.73, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. The firm has a market cap of $16.95 billion, a PE ratio of 41.46, a price-to-earnings-growth ratio of 1.37 and a beta of 0.99. Vulcan Materials has a 12 month low of $127.53 and a 12 month high of $128.86.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Thursday, May 24th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend is Wednesday, May 23rd. Vulcan Materials’s dividend payout ratio is currently 36.84%.
In other Vulcan Materials news, insider David P. Clement sold 1,828 shares of the stock in a transaction on Friday, May 4th. The shares were sold at an average price of $124.00, for a total value of $226,672.00. Following the completion of the sale, the insider now directly owns 5,340 shares of the company’s stock, valued at approximately $662,160. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP John R. Mcpherson sold 21,446 shares of the stock in a transaction on Friday, May 11th. The shares were sold at an average price of $125.88, for a total transaction of $2,699,622.48. Following the completion of the sale, the vice president now directly owns 102,610 shares of the company’s stock, valued at $12,916,546.80. The disclosure for this sale can be found here. 0.89% of the stock is currently owned by corporate insiders.
Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Stephens set a $137.00 price target on shares of Vulcan Materials and gave the stock a “buy” rating in a research note on Friday, April 13th. ValuEngine lowered shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Jefferies Group restated a “hold” rating and set a $129.00 price target on shares of Vulcan Materials in a research note on Monday, April 23rd. Finally, Bank of America increased their price target on shares of Vulcan Materials from $129.00 to $139.00 and gave the stock a “neutral” rating in a research note on Monday, February 5th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $141.56.
Vulcan Materials Profile
Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.
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