SG Americas Securities LLC Has $776,000 Position in Vulcan Materials (NYSE:VMC)

SG Americas Securities LLC increased its position in Vulcan Materials (NYSE:VMCGet Rating) by 85.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,226 shares of the construction company’s stock after buying an additional 1,944 shares during the period. SG Americas Securities LLC’s holdings in Vulcan Materials were worth $776,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in VMC. Brown Advisory Inc. increased its holdings in Vulcan Materials by 95.0% in the fourth quarter. Brown Advisory Inc. now owns 3,288 shares of the construction company’s stock worth $683,000 after buying an additional 1,602 shares during the last quarter. National Asset Management Inc. grew its holdings in Vulcan Materials by 12.9% during the fourth quarter. National Asset Management Inc. now owns 2,485 shares of the construction company’s stock valued at $516,000 after purchasing an additional 284 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Vulcan Materials during the fourth quarter valued at approximately $1,924,000. Desjardins Global Asset Management Inc. acquired a new position in Vulcan Materials during the fourth quarter valued at approximately $570,000. Finally, Yousif Capital Management LLC acquired a new position in Vulcan Materials during the fourth quarter valued at approximately $4,075,000. Institutional investors and hedge funds own 88.38% of the company’s stock.

Vulcan Materials Stock Down 0.3 %

Shares of NYSE VMC opened at $164.86 on Tuesday. The stock has a market cap of $21.91 billion, a PE ratio of 36.64, a PEG ratio of 1.97 and a beta of 0.81. The business has a fifty day moving average of $153.76 and a two-hundred day moving average of $170.16. Vulcan Materials has a 52-week low of $137.54 and a 52-week high of $213.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.27 and a current ratio of 1.86.

Vulcan Materials (NYSE:VMCGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.11. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Vulcan Materials had a return on equity of 10.49% and a net margin of 9.99%. The business’s revenue was up 44.2% on a year-over-year basis. During the same period last year, the business earned $0.69 earnings per share. As a group, equities research analysts expect that Vulcan Materials will post 5.81 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 2nd. Stockholders of record on Wednesday, August 17th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.97%. Vulcan Materials’s dividend payout ratio (DPR) is presently 35.56%.

Wall Street Analyst Weigh In

VMC has been the topic of several analyst reports. Wolfe Research lowered their price target on Vulcan Materials from $211.00 to $194.00 and set an “outperform” rating on the stock in a report on Thursday, July 14th. The Goldman Sachs Group lowered their price target on Vulcan Materials from $215.00 to $189.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Truist Financial reduced their price objective on Vulcan Materials to $200.00 in a research report on Tuesday, July 5th. DA Davidson reduced their price objective on Vulcan Materials from $220.00 to $195.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. Finally, Morgan Stanley reduced their price objective on Vulcan Materials from $203.00 to $180.00 and set an “equal weight” rating for the company in a research report on Monday, July 18th. Seven analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.13.

Insider Activity

In other Vulcan Materials news, Director Melissa H. Anderson bought 500 shares of the stock in a transaction dated Saturday, May 14th. The stock was bought at an average cost of $191.46 per share, for a total transaction of $95,730.00. Following the completion of the purchase, the director now owns 500 shares in the company, valued at approximately $95,730. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Melissa H. Anderson acquired 500 shares of the stock in a transaction that occurred on Saturday, May 14th. The stock was purchased at an average cost of $191.46 per share, for a total transaction of $95,730.00. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at $95,730. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP David P. Clement sold 3,377 shares of Vulcan Materials stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $165.23, for a total value of $557,981.71. Following the completion of the sale, the senior vice president now owns 3,970 shares of the company’s stock, valued at $655,963.10. The disclosure for this sale can be found here. 0.57% of the stock is currently owned by corporate insiders.

Vulcan Materials Company Profile

(Get Rating)

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 Aggregates segment 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.

Recommended Stories

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMCGet Rating).

Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

Want More Great Investing Ideas?

Receive News & Ratings for Vulcan Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vulcan Materials and related companies with MarketBeat.com's FREE daily email newsletter.