Graham Capital Management L.P. bought a new position in Vulcan Materials Company (NYSE:VMC – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 14,750 shares of the construction company’s stock, valued at approximately $4,207,000.
Several other large investors have also made changes to their positions in the company. Chesapeake Capital Corp IL grew its holdings in shares of Vulcan Materials by 0.9% in the 4th quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after purchasing an additional 33 shares during the last quarter. Composition Wealth LLC grew its holdings in shares of Vulcan Materials by 3.5% in the 4th quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after purchasing an additional 34 shares during the last quarter. Capital Investment Advisors LLC grew its holdings in shares of Vulcan Materials by 5.5% in the 4th quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after purchasing an additional 38 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Vulcan Materials by 0.3% in the 4th quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after purchasing an additional 38 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its holdings in shares of Vulcan Materials by 1.2% in the 3rd quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.
Vulcan Materials Stock Up 2.6%
Shares of NYSE VMC opened at $300.75 on Wednesday. The firm’s 50-day simple moving average is $283.30 and its 200 day simple moving average is $290.09. The company has a market cap of $39.03 billion, a price-to-earnings ratio of 35.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.05. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 12-month low of $252.35 and a 12-month high of $331.09.
Vulcan Materials Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.52 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. Vulcan Materials’s dividend payout ratio is presently 24.73%.
Insider Transactions at Vulcan Materials
In other Vulcan Materials news, SVP David P. Clement sold 2,212 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $292.29, for a total transaction of $646,545.48. Following the transaction, the senior vice president directly owned 8,716 shares in the company, valued at approximately $2,547,599.64. This represents a 20.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on VMC shares. Wells Fargo & Company upped their target price on shares of Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Morgan Stanley reduced their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Finally, Royal Bank Of Canada upped their price target on shares of Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $326.92.
Get Our Latest Report on Vulcan Materials
Vulcan Materials Company Profile
Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.
Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.
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