Vulcan Materials Company $VMC Shares Purchased by Salomon & Ludwin LLC

Salomon & Ludwin LLC boosted its stake in Vulcan Materials Company (NYSE:VMC) by 22.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 388 shares of the construction company’s stock after purchasing an additional 70 shares during the period. Salomon & Ludwin LLC’s holdings in Vulcan Materials were worth $103,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC increased its holdings in Vulcan Materials by 21.0% in the 1st quarter. Golden State Wealth Management LLC now owns 951 shares of the construction company’s stock valued at $222,000 after purchasing an additional 165 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Vulcan Materials by 42.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 15,798 shares of the construction company’s stock valued at $3,686,000 after purchasing an additional 4,678 shares in the last quarter. Exchange Traded Concepts LLC increased its holdings in Vulcan Materials by 24.3% in the 1st quarter. Exchange Traded Concepts LLC now owns 921 shares of the construction company’s stock valued at $215,000 after purchasing an additional 180 shares in the last quarter. GAMMA Investing LLC increased its holdings in Vulcan Materials by 27.2% in the 1st quarter. GAMMA Investing LLC now owns 1,706 shares of the construction company’s stock valued at $398,000 after purchasing an additional 365 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its holdings in Vulcan Materials by 7.8% in the 1st quarter. Atria Wealth Solutions Inc. now owns 3,870 shares of the construction company’s stock valued at $903,000 after purchasing an additional 281 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

NYSE:VMC opened at $295.37 on Monday. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.67 and a quick ratio of 1.13. The firm has a 50-day moving average of $296.12 and a two-hundred day moving average of $273.60. The stock has a market cap of $39.02 billion, a P/E ratio of 41.25, a PEG ratio of 2.41 and a beta of 0.92. Vulcan Materials Company has a 1-year low of $215.08 and a 1-year high of $311.74.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing the consensus estimate of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%.The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same period in the previous year, the business posted $2.35 EPS. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Vulcan Materials Company will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 25th. Stockholders of record on Monday, November 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio (DPR) is presently 27.37%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 698 shares of the stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $298.56, for a total transaction of $208,394.88. Following the transaction, the senior vice president owned 2,832 shares of the company’s stock, valued at approximately $845,521.92. This trade represents a 19.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.61% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on VMC. Weiss Ratings reiterated a “buy (b-)” rating on shares of Vulcan Materials in a report on Wednesday, October 8th. Wells Fargo & Company upgraded Vulcan Materials to a “hold” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $285.00 to $330.00 and gave the company an “overweight” rating in a research report on Tuesday, August 26th. Morgan Stanley decreased their price objective on shares of Vulcan Materials from $303.00 to $285.00 and set an “equal weight” rating for the company in a research report on Monday, July 28th. Finally, Royal Bank Of Canada decreased their price objective on shares of Vulcan Materials from $286.00 to $279.00 and set a “sector perform” rating for the company in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average price target of $308.58.

Vulcan Materials Company 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.