Campbell Newman Asset Management Inc. Increases Stock Position in Vulcan Materials (NYSE:VMC)

Campbell Newman Asset Management Inc. grew its stake in shares of Vulcan Materials (NYSE:VMC) by 5.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 64,569 shares of the construction company’s stock after buying an additional 3,460 shares during the period. Campbell Newman Asset Management Inc.’s holdings in Vulcan Materials were worth $15,064,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quadrant Capital Group LLC lifted its holdings in shares of Vulcan Materials by 2.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company’s stock valued at $461,000 after acquiring an additional 44 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in Vulcan Materials by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock worth $233,000 after buying an additional 45 shares in the last quarter. Alpha Omega Wealth Management LLC lifted its holdings in Vulcan Materials by 1.1% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company’s stock worth $1,012,000 after buying an additional 46 shares in the last quarter. Washington Trust Advisors Inc. lifted its holdings in Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock worth $54,000 after buying an additional 48 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its holdings in Vulcan Materials by 4.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company’s stock worth $301,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE VMC opened at $260.68 on Friday. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The stock has a market cap of $34.44 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a 50-day moving average price of $258.49 and a two-hundred day moving average price of $258.46.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the prior year, the firm earned $0.80 EPS. Vulcan Materials’s quarterly revenue was up 5.8% on a year-over-year basis. Analysts forecast that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.75%. The ex-dividend date was Friday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is presently 27.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on VMC shares. UBS Group upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $280.00 to $318.00 in a report on Friday, May 16th. Argus upgraded shares of Vulcan Materials to a “strong-buy” rating in a report on Thursday, April 24th. Loop Capital cut their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Seaport Res Ptn raised shares of Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Finally, Morgan Stanley boosted their price objective on Vulcan Materials from $273.00 to $303.00 and gave the company an “equal weight” rating in a report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $302.91.

Insider Activity

In other news, SVP David P. Clement sold 1,500 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the transaction, the senior vice president now directly owns 2,832 shares in the company, valued at $764,640. This trade represents a 34.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.62% of the company’s stock.

Vulcan Materials Profile

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.