SRS Capital Advisors Inc. Has $1.43 Million Holdings in Vulcan Materials (NYSE:VMC)

SRS Capital Advisors Inc. grew its holdings in Vulcan Materials (NYSE:VMC) by 5.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,289 shares of the construction company’s stock after purchasing an additional 331 shares during the period. SRS Capital Advisors Inc.’s holdings in Vulcan Materials were worth $1,428,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in shares of Vulcan Materials by 1.4% during the 3rd quarter. Commonwealth Equity Services LLC now owns 35,095 shares of the construction company’s stock worth $7,090,000 after purchasing an additional 500 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Vulcan Materials by 196.5% during the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 25,200 shares of the construction company’s stock valued at $5,091,000 after acquiring an additional 16,700 shares in the last quarter. Vicus Capital acquired a new stake in Vulcan Materials in the third quarter valued at approximately $249,000. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Vulcan Materials by 4.3% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 13,220 shares of the construction company’s stock valued at $2,671,000 after purchasing an additional 551 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Vulcan Materials by 309.2% during the third quarter. Robeco Institutional Asset Management B.V. now owns 114,370 shares of the construction company’s stock valued at $23,105,000 after buying an additional 86,417 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Vulcan Materials

In related news, VP Randy L. Pigg sold 307 shares of Vulcan Materials stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the sale, the vice president now directly owns 1,896 shares of the company’s stock, valued at $483,991.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, VP Randy L. Pigg sold 307 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $255.27, for a total transaction of $78,367.89. Following the completion of the transaction, the vice president now owns 1,896 shares in the company, valued at $483,991.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stanley G. Bass sold 8,310 shares of Vulcan Materials stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $251.68, for a total transaction of $2,091,460.80. Following the transaction, the insider now directly owns 29,311 shares in the company, valued at $7,376,992.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 13,017 shares of company stock worth $3,344,741. Insiders own 0.62% of the company’s stock.

Vulcan Materials Trading Up 1.6 %

Shares of NYSE VMC traded up $4.08 during midday trading on Thursday, hitting $263.81. The stock had a trading volume of 827,526 shares, compared to its average volume of 782,608. The firm has a market cap of $34.89 billion, a P/E ratio of 37.21, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. Vulcan Materials has a fifty-two week low of $178.54 and a fifty-two week high of $276.58. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.17 and a quick ratio of 2.39. The company’s 50-day simple moving average is $265.23 and its 200 day simple moving average is $235.90.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Friday, February 16th. The construction company reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.06. Vulcan Materials had a return on equity of 12.80% and a net margin of 11.99%. The firm had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.84 billion. During the same period last year, the company earned $1.08 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Research analysts anticipate that Vulcan Materials will post 8.43 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 18th. Shareholders of record on Monday, March 4th were paid a $0.46 dividend. The ex-dividend date was Friday, March 1st. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.43. This represents a $1.84 dividend on an annualized basis and a yield of 0.70%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.36%.

Analyst Ratings Changes

A number of brokerages recently weighed in on VMC. Morgan Stanley began coverage on Vulcan Materials in a research note on Monday, January 8th. They issued an “equal weight” rating and a $208.00 price objective on the stock. The Goldman Sachs Group lifted their target price on shares of Vulcan Materials from $264.00 to $292.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Raymond James lifted their price objective on Vulcan Materials from $225.00 to $240.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $270.00 price objective (up previously from $245.00) on shares of Vulcan Materials in a research report on Friday, March 22nd. Finally, Wolfe Research lowered Vulcan Materials from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $273.00.

Vulcan Materials 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.