Meeder Asset Management Inc. Purchases Shares of 27,344 Vulcan Materials (NYSE:VMC)

Meeder Asset Management Inc. acquired a new position in Vulcan Materials (NYSE:VMC - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm acquired 27,344 shares of the construction company's stock, valued at approximately $7,463,000.

Several other hedge funds have also recently made changes to their positions in the business. Register Financial Advisors LLC purchased a new stake in Vulcan Materials in the first quarter worth about $27,000. Exchange Traded Concepts LLC purchased a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $28,000. Opal Wealth Advisors LLC bought a new stake in shares of Vulcan Materials during the first quarter valued at approximately $33,000. YHB Investment Advisors Inc. purchased a new stake in Vulcan Materials in the first quarter worth $34,000. Finally, Concord Wealth Partners bought a new position in Vulcan Materials in the first quarter worth $34,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Truist Financial boosted their target price on shares of Vulcan Materials from $300.00 to $320.00 and gave the company a "buy" rating in a report on Tuesday, April 2nd. Stephens upped their price objective on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Friday, May 3rd. Royal Bank of Canada boosted their price target on Vulcan Materials from $269.00 to $272.00 and gave the stock a "sector perform" rating in a research report on Friday, May 3rd. Jefferies Financial Group upped their price target on Vulcan Materials from $298.00 to $319.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. Finally, Citigroup lowered their price objective on Vulcan Materials from $322.00 to $297.00 and set a "buy" rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Vulcan Materials presently has a consensus rating of "Moderate Buy" and an average target price of $277.08.

Insider Buying and Selling

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the company's stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the sale, the senior vice president now directly owns 2,660 shares of the company's stock, valued at $676,970. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, President Thompson S. Baker II sold 6,610 shares of Vulcan Materials stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $272.64, for a total transaction of $1,802,150.40. Following the transaction, the president now directly owns 4,784 shares of the company's stock, valued at approximately $1,304,309.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP David P. Clement sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $254.50, for a total transaction of $254,500.00. Following the completion of the sale, the senior vice president now directly owns 2,660 shares of the company's stock, valued at $676,970. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,210 shares of company stock valued at $4,653,520. 0.62% of the stock is owned by insiders.

Vulcan Materials Stock Performance

VMC stock traded up $1.36 on Monday, hitting $253.87. The company had a trading volume of 838,289 shares, compared to its average volume of 769,783. The company has a current ratio of 2.74, a quick ratio of 1.81 and a debt-to-equity ratio of 0.44. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $276.58. The stock has a market cap of $33.57 billion, a price-to-earnings ratio of 37.06, a P/E/G ratio of 1.90 and a beta of 0.82. The stock's 50-day simple moving average is $253.81 and its 200 day simple moving average is $251.73.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Thursday, May 2nd. The construction company reported $0.80 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.91 by ($0.11). The firm had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.50 billion. Vulcan Materials had a return on equity of 12.32% and a net margin of 11.92%. The business's quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business earned $0.95 earnings per share. As a group, equities research analysts expect that Vulcan Materials will post 8.46 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, August 15th. Vulcan Materials's dividend payout ratio (DPR) is presently 26.86%.

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.

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