Vulcan Materials (NYSE:VMC) is Hyman Charles D’s 5th Largest Position

Hyman Charles D grew its position in Vulcan Materials (NYSE:VMC) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 215,859 shares of the construction company’s stock after buying an additional 1,831 shares during the quarter. Vulcan Materials accounts for 2.9% of Hyman Charles D’s holdings, making the stock its 5th largest holding. Hyman Charles D owned about 0.16% of Vulcan Materials worth $49,002,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Vulcan Materials by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 781,805 shares of the construction company’s stock worth $177,478,000 after buying an additional 23,322 shares during the period. Apollon Wealth Management LLC purchased a new stake in shares of Vulcan Materials during the 4th quarter worth $233,000. Lincoln National Corp lifted its stake in shares of Vulcan Materials by 4.7% during the 4th quarter. Lincoln National Corp now owns 1,867 shares of the construction company’s stock worth $424,000 after purchasing an additional 83 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of Vulcan Materials by 9.9% during the 4th quarter. Private Advisor Group LLC now owns 4,503 shares of the construction company’s stock worth $1,022,000 after purchasing an additional 406 shares during the last quarter. Finally, Valley Brook Capital Group Inc. purchased a new stake in shares of Vulcan Materials during the 4th quarter worth $221,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Vulcan Materials

In other news, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total value of $78,367.89. Following the transaction, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Vulcan Materials news, VP Randy L. Pigg sold 307 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the sale, the vice president now owns 1,896 shares of the company’s stock, valued at $483,991.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total value of $862,336.00. Following the sale, the senior vice president now directly owns 5,395 shares of the company’s stock, valued at approximately $1,453,844.60. The disclosure for this sale can be found here. Insiders have sold 13,017 shares of company stock worth $3,344,741 over the last quarter. 0.61% of the stock is currently owned by insiders.

Vulcan Materials Stock Performance

Shares of VMC stock traded down $0.42 during mid-day trading on Wednesday, reaching $267.93. The stock had a trading volume of 505,051 shares, compared to its average volume of 784,745. The business’s fifty day moving average is $265.74 and its 200-day moving average is $237.76. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. The firm has a market cap of $35.43 billion, a price-to-earnings ratio of 39.11, a PEG ratio of 1.97 and a beta of 0.83. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $276.58.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.11). Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $0.95 EPS. The firm’s quarterly revenue was down 6.2% compared to the same quarter last year. On average, research analysts forecast that Vulcan Materials will post 8.5 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were paid a $0.46 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.69%. Vulcan Materials’s dividend payout ratio is presently 26.86%.

Wall Street Analyst Weigh In

VMC has been the subject of a number of analyst reports. Jefferies Financial Group upped their price objective on Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research report on Friday, March 8th. Stephens upped their target price on Vulcan Materials from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Citigroup upped their target price on Vulcan Materials from $263.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Finally, Truist Financial upped their target price on Vulcan Materials from $300.00 to $320.00 and gave the company a “buy” rating in a research report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $277.08.

About Vulcan Materials

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in 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.