Prime Capital Investment Advisors LLC Buys 269 Shares of Vulcan Materials (NYSE:VMC)

Prime Capital Investment Advisors LLC lifted its stake in Vulcan Materials (NYSE:VMC) by 26.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,286 shares of the construction company’s stock after acquiring an additional 269 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Vulcan Materials were worth $292,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. acquired a new position in shares of Vulcan Materials during the 3rd quarter worth approximately $25,000. Householder Group Estate & Retirement Specialist LLC bought a new position in shares of Vulcan Materials in the third quarter valued at $27,000. Exchange Traded Concepts LLC acquired a new position in Vulcan Materials during the fourth quarter worth $28,000. Achmea Investment Management B.V. bought a new stake in Vulcan Materials during the first quarter worth $29,000. Finally, Money Concepts Capital Corp acquired a new stake in Vulcan Materials in the fourth quarter valued at $39,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 1.0 %

Shares of VMC opened at $262.88 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.39 and a current ratio of 3.17. Vulcan Materials has a 52-week low of $166.43 and a 52-week high of $276.58. The firm has a market cap of $34.77 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 1.94 and a beta of 0.83. The business’s fifty day moving average is $261.21 and its 200-day moving average is $231.07.

Vulcan Materials (NYSE:VMC) last released its earnings results on Friday, February 16th. The construction company reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.06. The firm had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 earnings per share. Equities analysts anticipate that Vulcan Materials will post 8.38 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Investors of record on Monday, March 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.70%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Friday, March 1st. Vulcan Materials’s dividend payout ratio is currently 26.36%.

Insider Activity at Vulcan Materials

In other news, Director Melissa H. Anderson sold 1,200 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $260.48, for a total transaction of $312,576.00. Following the completion of the transaction, the director now directly owns 330 shares in the company, valued at $85,958.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Vulcan Materials news, insider Stanley G. Bass sold 8,310 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total value of $2,091,460.80. Following the completion of the transaction, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Melissa H. Anderson sold 1,200 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $260.48, for a total value of $312,576.00. Following the sale, the director now owns 330 shares in the company, valued at $85,958.40. The disclosure for this sale can be found here. Insiders sold a total of 13,017 shares of company stock valued at $3,344,741 in the last quarter. Insiders own 0.62% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on VMC. Stifel Nicolaus boosted their price objective on shares of Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a research note on Tuesday, December 19th. Citigroup boosted their price target on Vulcan Materials from $263.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. The Goldman Sachs Group raised their price objective on Vulcan Materials from $264.00 to $292.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $270.00 target price (up from $245.00) on shares of Vulcan Materials in a report on Friday, March 22nd. Finally, Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $268.85.

About Vulcan Materials

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.