Sequoia Financial Advisors LLC Has $518,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Sequoia Financial Advisors LLC increased its position in Vulcan Materials (NYSE:VMC) by 108.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,280 shares of the construction company’s stock after buying an additional 1,185 shares during the period. Sequoia Financial Advisors LLC’s holdings in Vulcan Materials were worth $518,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Stratos Wealth Partners LTD. grew its stake in shares of Vulcan Materials by 1.6% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,248 shares of the construction company’s stock valued at $656,000 after buying an additional 51 shares during the period. Proficio Capital Partners LLC boosted its stake in Vulcan Materials by 2.3% during the 3rd quarter. Proficio Capital Partners LLC now owns 2,312 shares of the construction company’s stock valued at $467,000 after purchasing an additional 52 shares during the last quarter. Greenleaf Trust boosted its stake in Vulcan Materials by 2.7% during the 3rd quarter. Greenleaf Trust now owns 2,008 shares of the construction company’s stock valued at $406,000 after purchasing an additional 52 shares during the last quarter. Stonegate Investment Group LLC boosted its stake in Vulcan Materials by 0.3% during the 4th quarter. Stonegate Investment Group LLC now owns 20,255 shares of the construction company’s stock valued at $4,598,000 after purchasing an additional 52 shares during the last quarter. Finally, CWM LLC boosted its stake in Vulcan Materials by 2.4% during the 3rd quarter. CWM LLC now owns 2,269 shares of the construction company’s stock valued at $458,000 after purchasing an additional 53 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Down 0.7 %

Shares of VMC stock opened at $258.57 on Wednesday. The company’s fifty day simple moving average is $262.37 and its two-hundred day simple moving average is $232.26. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. Vulcan Materials has a 1 year low of $166.43 and a 1 year high of $276.58. The stock has a market capitalization of $34.20 billion, a price-to-earnings ratio of 37.04, a PEG ratio of 1.90 and a beta of 0.83.

Vulcan Materials (NYSE:VMC) last issued 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. Vulcan Materials had a net margin of 11.99% and a return on equity of 12.80%. The business had revenue of $1.83 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter in the previous year, the firm posted $1.08 EPS. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. As a group, analysts anticipate that Vulcan Materials will post 8.38 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 18th. Stockholders of record on Monday, March 4th were given a dividend of $0.46 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend was Friday, March 1st. Vulcan Materials’s payout ratio is 26.36%.

Analyst Ratings Changes

A number of research firms have issued reports on VMC. Wolfe Research downgraded Vulcan Materials from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Morgan Stanley started coverage on shares of Vulcan Materials in a research report on Monday, January 8th. They set an “equal weight” rating and a $208.00 target price on the stock. Raymond James lifted their target price on shares of Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Stifel Nicolaus lifted their target price on shares of Vulcan Materials from $260.00 to $279.00 and gave the stock a “buy” rating in a research report on Tuesday, December 19th. Finally, Royal Bank of Canada lifted their target price on shares of Vulcan Materials from $236.00 to $269.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 20th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $268.85.

Insider Activity

In other news, SVP Denson N. Franklin III sold 3,200 shares of the business’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now directly owns 5,395 shares in the company, valued at approximately $1,453,844.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 value 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 hyperlink. Also, SVP Denson N. Franklin III sold 3,200 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $269.48, for a total transaction of $862,336.00. Following the completion of the transaction, the senior vice president now owns 5,395 shares of the company’s stock, valued at $1,453,844.60. The disclosure for this sale can be found here. Insiders sold 13,017 shares of company stock worth $3,344,741 in the last three months. Corporate insiders own 0.61% of the company’s stock.

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.