SteelPeak Wealth LLC Purchases 57 Shares of Vulcan Materials (NYSE:VMC)

SteelPeak Wealth LLC raised its stake in shares of Vulcan Materials (NYSE:VMC) by 2.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,057 shares of the construction company’s stock after purchasing an additional 57 shares during the quarter. SteelPeak Wealth LLC’s holdings in Vulcan Materials were worth $561,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of VMC. Vicus Capital purchased a new position in shares of Vulcan Materials during the first quarter worth approximately $245,000. Register Financial Advisors LLC purchased a new position in shares of Vulcan Materials during the first quarter worth approximately $27,000. Artemis Investment Management LLP raised its stake in shares of Vulcan Materials by 31.7% during the first quarter. Artemis Investment Management LLP now owns 266,647 shares of the construction company’s stock worth $72,742,000 after acquiring an additional 64,220 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Vulcan Materials by 2.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 7,044 shares of the construction company’s stock worth $1,923,000 after acquiring an additional 193 shares in the last quarter. Finally, Ballentine Partners LLC purchased a new position in shares of Vulcan Materials during the first quarter worth approximately $225,000. 90.39% of the stock is currently owned by institutional investors.

Insider Transactions at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the transaction, the senior vice president now owns 2,660 shares of the company’s stock, valued at $676,970. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, SVP David P. Clement sold 1,000 shares of the business’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total value of $254,500.00. Following the sale, the senior vice president now owns 2,660 shares in the company, valued at approximately $676,970. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thompson S. Baker II sold 6,610 shares of the company’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $272.64, for a total value of $1,802,150.40. Following the sale, the president now owns 4,784 shares in the company, valued at approximately $1,304,309.76. The disclosure for this sale can be found here. Insiders have sold 17,210 shares of company stock valued at $4,653,520 over the last ninety days. Insiders own 0.62% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on VMC. Stephens lifted their price target on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Wolfe Research downgraded shares of Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Royal Bank of Canada lifted their target price on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd. Finally, Jefferies Financial Group lifted their target price on shares of Vulcan Materials from $298.00 to $319.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $277.08.

Vulcan Materials Stock Up 0.4 %

NYSE VMC traded up $0.92 during trading on Friday, hitting $248.68. The company’s stock had a trading volume of 988,674 shares, compared to its average volume of 750,945. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.74 and a quick ratio of 1.81. The company has a market cap of $32.89 billion, a PE ratio of 36.30, a P/E/G ratio of 1.86 and a beta of 0.84. The business’s 50 day simple moving average is $256.82 and its 200-day simple moving average is $250.00. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $276.58.

Vulcan Materials (NYSE:VMC) last released 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). The firm had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The company’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. On average, equities analysts anticipate that Vulcan Materials will post 8.51 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, May 23rd. Vulcan Materials’s dividend payout ratio is presently 26.86%.

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.