Vulcan Materials (VMC) Position Cut by Neuburgh Advisers LLC

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Neuburgh Advisers LLC lowered its holdings in shares of Vulcan Materials (NYSE:VMC) by 7.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,624 shares of the construction company’s stock after selling 384 shares during the quarter. Neuburgh Advisers LLC’s holdings in Vulcan Materials were worth $457,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Vulcan Materials in the 4th quarter worth $25,000. JOYN Advisors Inc. lifted its holdings in shares of Vulcan Materials by 273.0% in the 4th quarter. JOYN Advisors Inc. now owns 276 shares of the construction company’s stock worth $27,000 after buying an additional 202 shares during the period. First Personal Financial Services lifted its holdings in shares of Vulcan Materials by 74.5% in the 4th quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock worth $34,000 after buying an additional 146 shares during the period. Ipswich Investment Management Co. Inc. purchased a new stake in shares of Vulcan Materials in the 4th quarter worth $34,000. Finally, Citizens Financial Group Inc RI purchased a new stake in shares of Vulcan Materials in the 4th quarter worth $46,000. Institutional investors own 95.15% of the company’s stock.

In related news, insider David P. Clement sold 2,789 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $114.28, for a total transaction of $318,726.92. Following the transaction, the insider now directly owns 4,340 shares of the company’s stock, valued at approximately $495,975.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.81% of the company’s stock.

Several brokerages have weighed in on VMC. Zacks Investment Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Tuesday, December 18th. Deutsche Bank boosted their price target on Vulcan Materials to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 15th. Citigroup reduced their price target on Vulcan Materials from $128.00 to $120.00 and set a “buy” rating for the company in a research report on Friday, January 4th. Nomura raised Vulcan Materials from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $140.00 in a research report on Thursday, December 6th. Finally, TheStreet raised Vulcan Materials from a “c+” rating to a “b-” rating in a research report on Friday, February 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Vulcan Materials has a consensus rating of “Buy” and a consensus target price of $123.00.

VMC opened at $112.59 on Friday. The firm has a market capitalization of $14.84 billion, a PE ratio of 27.80, a P/E/G ratio of 1.60 and a beta of 0.92. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.79 and a quick ratio of 1.08. Vulcan Materials has a 12 month low of $82.52 and a 12 month high of $133.59.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Thursday, February 14th. The construction company reported $0.99 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.10. The firm had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.08 billion. Vulcan Materials had a return on equity of 10.71% and a net margin of 11.77%. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. Research analysts expect that Vulcan Materials will post 4.78 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 22nd were given a dividend of $0.31 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.28. This represents a $1.24 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend was Thursday, February 21st. Vulcan Materials’s dividend payout ratio is currently 30.62%.

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About Vulcan Materials

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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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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