1,875 Shares in Vulcan Materials (VMC) Purchased by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. bought a new stake in Vulcan Materials (NYSE:VMC) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 1,875 shares of the construction company’s stock, valued at approximately $222,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company lifted its holdings in shares of Vulcan Materials by 1.8% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 135,131 shares of the construction company’s stock worth $15,027,000 after purchasing an additional 2,447 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Vulcan Materials by 13.6% in the third quarter. Pacer Advisors Inc. now owns 6,836 shares of the construction company’s stock worth $760,000 after buying an additional 816 shares during the period. Vident Investment Advisory LLC acquired a new stake in shares of Vulcan Materials in the third quarter worth $469,000. Mackenzie Financial Corp boosted its position in Vulcan Materials by 180.2% during the third quarter. Mackenzie Financial Corp now owns 6,049 shares of the construction company’s stock valued at $673,000 after purchasing an additional 3,890 shares during the last quarter. Finally, Captrust Financial Advisors boosted its position in Vulcan Materials by 994.5% during the third quarter. Captrust Financial Advisors now owns 5,155 shares of the construction company’s stock valued at $573,000 after purchasing an additional 4,684 shares during the last quarter. 96.67% of the stock is owned by institutional investors.

In other news, insider David P. Clement sold 2,789 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $114.28, for a total transaction of $318,726.92. Following the completion of the transaction, the insider now directly owns 4,340 shares in the company, valued at approximately $495,975.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.79% of the company’s stock.

Several research firms have weighed in on VMC. Goldman Sachs Group upgraded Vulcan Materials from a “buy” rating to a “conviction-buy” rating in a report on Wednesday, March 6th. Jefferies Financial Group lifted their price objective on Vulcan Materials to $133.00 and gave the stock a “buy” rating in a research note on Friday, February 15th. TheStreet upgraded Vulcan Materials from a “c+” rating to a “b-” rating in a research note on Friday, February 1st. JPMorgan Chase & Co. assumed coverage on Vulcan Materials in a report on Thursday, March 21st. They set an “overweight” rating and a $135.00 price objective on the stock. Finally, Deutsche Bank boosted their target price on Vulcan Materials to $125.00 and gave the stock a “buy” rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $124.15.

Shares of VMC traded up $0.53 during trading hours on Friday, reaching $128.94. The stock had a trading volume of 866,009 shares, compared to its average volume of 1,095,323. The stock has a market cap of $16.96 billion, a P/E ratio of 31.47, a P/E/G ratio of 1.52 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 1.64 and a debt-to-equity ratio of 0.61. Vulcan Materials has a 52 week low of $82.52 and a 52 week high of $133.59.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Thursday, May 2nd. The construction company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.13. The firm had revenue of $996.50 million during the quarter, compared to analyst estimates of $915.68 million. Vulcan Materials had a net margin of 11.63% and a return on equity of 10.60%. The company’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS. On average, equities research analysts expect that Vulcan Materials will post 4.81 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 0.96%. Vulcan Materials’s dividend payout ratio is 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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