Kestra Advisory Services LLC buys 376 shares of Vulcan Materials (NYSE: VMC)


Kestra Advisory Services LLC raised its position in Vulcan Materials (NYSE: VMC – Get Rating) by 5.0% during the 1st quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company held 7,882 shares of the construction company after buying an additional 376 shares during the quarter. Kestra Advisory Services LLC’s holdings in Vulcan Materials were worth $1,448,000 at the end of the last quarter.

Several other hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management BV increased its stake in Vulcan Materials by 29.6% in the 1st quarter. Robeco Institutional Asset Management BV now owns 13,220 shares of the construction company valued at $2,429,000 after purchasing an additional 3,020 shares during the period. Narwhal Capital Management increased its equity stake in Vulcan Materials by 6.6% during the 1st quarter. Narwhal Capital Management now owns 146,797 shares of the construction company valued at $26,967,000 after buying an additional 9,120 shares in the last quarter. Cerity Partners LLC increased its equity stake in Vulcan Materials by 701.4% during the 1st quarter. Cerity Partners LLC now owns 1,755 shares of the construction company valued at $322,000 after purchasing an additional 1,536 shares in the last quarter. Kovitz Investment Group Partners LLC purchased a new equity stake in Vulcan Materials during Q1 valued at approximately $213,000. Finally, Allworth Financial LP increased its shareholding in Vulcan Materials by 84.9% during the 1st quarter. Allworth Financial LP now owns 257 shares of the construction company valued at $47,000 after buying 118 more shares in the last quarter. 88.38% of the shares are held by institutional investors.

Insider Buying and Selling at Vulcan Materials

In other Vulcan Materials news, SVP David P. Clement sold 3,377 shares of the company in a trade on Tuesday, June 7. The shares were sold at an average price of $165.23, for a total transaction of $557,981.71. Following the completion of the sale, the senior vice president now owns 3,970 shares of the company, valued at approximately $655,963.10. The sale was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. In other news, SVP David P. Clement sold 3,377 shares of the company in a trade on Tuesday, June 7. The shares were 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, valued at approximately $655,963.10. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. Additionally, Director Melissa H. Anderson purchased 500 shares of Vulcan Materials in a trade dated Saturday, May 14. The shares were purchased at an average price of $191.46 per share, with a total value of $95,730.00. Following the purchase, the director now owns 500 shares of the company, valued at $95,730. Disclosure of this purchase can be found here. 0.55% of the shares are currently held by insiders of the company.

Stock of Vulcan materials down to 1.0%

Vulcan Materials stock opened at $148.72 on Friday. The company has a market capitalization of $19.76 billion, a PE ratio of 33.05, a PEG ratio of 1.33 and a beta of 0.75. The company’s fifty-day moving average is $154.79 and its 200-day moving average is $174.01. The company has a quick ratio of 1.27, a current ratio of 1.86 and a debt ratio of 0.59. Vulcan Materials has a 12-month low of $137.54 and a 12-month high of $213.65.

Vulcan Materials (NYSE:VMC – Get Rating) last reported quarterly results on Wednesday, May 4. The construction company reported EPS of $0.73 for the quarter, beating consensus analyst estimates of $0.62 by $0.11. The company posted revenue of $1.54 billion in the quarter, compared to analysts’ estimates of $1.44 billion. Vulcan Materials had a net margin of 9.99% and a return on equity of 10.49%. Vulcan Materials quarterly revenue increased 44.2% year over year. In the same quarter a year earlier, the company posted EPS of $0.69. As a group, sell-side analysts expect Vulcan Materials to post 6.2 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 2. Shareholders of record on Wednesday August 17 will receive a dividend of $0.40 per share. The ex-dividend date is Tuesday, August 16. This represents a dividend of $1.60 on an annualized basis and a yield of 1.08%. Vulcan Materials’ dividend payout ratio (DPR) is currently 35.56%.

A Wall Street analyst gives his opinion

VMC has been the subject of several research reports. Goldman Sachs Group lowered its price target on Vulcan Materials shares from $215.00 to $189.00 and set a “neutral” rating on the stock in a Thursday, June 23 report. Wolfe Research cut its price target on Vulcan Materials shares from $211.00 to $194.00 and set an “outperform” rating on the stock in a report on Thursday. Morgan Stanley cut its price target on shares of Vulcan Materials from $232.00 to $224.00 and set an “equal weight” rating on the stock in a Monday, April 18 report. Truist Financial cut its target price on shares of Vulcan Materials to $200.00 in a Tuesday, July 5 report. Finally, StockNews.com took over coverage of Vulcan Materials stocks in a Thursday, March 31 research report. They issued a “holding” rating on the stock. Seven research analysts gave the stock a hold rating and ten gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $216.20.

Vulcan Materials Profile

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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 stone, sand and gravel, sand and other aggregates; and related products and services that are applied in the construction and maintenance of highways, streets and other public works, as well as in the construction of housing and commercial, industrial and other non-residential facilities.

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Want to see which other hedge funds hold VMC? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Vulcan Materials (NYSE:VMC – Get Rating).

Institutional ownership by quarter for Vulcan Materials (NYSE:VMC)



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