FSA Wealth Management LLC Buys New Shares in Vulcan Materials (NYSE:VMC)

FSA Wealth Management LLC purchased a new position in shares of Vulcan Materials (NYSE:VMC) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 226 shares of the construction company’s stock, valued at approximately $57,000.

A number of other large investors have also recently added to or reduced their stakes in VMC. B. Riley Wealth Advisors Inc. acquired a new stake in Vulcan Materials in the 1st quarter valued at about $282,000. Swedbank AB bought a new position in shares of Vulcan Materials during the 1st quarter worth approximately $519,000. Cetera Investment Advisers increased its holdings in shares of Vulcan Materials by 111.5% during the 1st quarter. Cetera Investment Advisers now owns 14,423 shares of the construction company’s stock worth $3,936,000 after acquiring an additional 7,603 shares during the last quarter. Cetera Advisors LLC raised its stake in Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after acquiring an additional 2,245 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in Vulcan Materials by 8.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 21,224 shares of the construction company’s stock valued at $5,761,000 after acquiring an additional 1,692 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Trading Up 0.6 %

VMC opened at $288.13 on Monday. The stock has a market capitalization of $38.05 billion, a price-to-earnings ratio of 45.45, a P/E/G ratio of 2.79 and a beta of 0.81. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. Vulcan Materials has a twelve month low of $209.60 and a twelve month high of $298.31. The company has a 50-day simple moving average of $265.28 and a 200 day simple moving average of $255.16.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the company posted $2.29 EPS. Analysts predict that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a $0.46 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.64%. Vulcan Materials’s payout ratio is 29.02%.

Wall Street Analyst Weigh In

VMC has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. UBS Group began coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. Citigroup cut their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Finally, JPMorgan Chase & Co. increased their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $283.92.

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.