Vulcan Materials (NYSE:VMC) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC decreased its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 17.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,716 shares of the construction company's stock after selling 4,437 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Vulcan Materials were worth $5,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. American Century Companies Inc. raised its holdings in shares of Vulcan Materials by 21.0% in the 3rd quarter. American Century Companies Inc. now owns 21,087 shares of the construction company's stock valued at $4,260,000 after purchasing an additional 3,665 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in shares of Vulcan Materials by 6.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 1,035 shares of the construction company's stock valued at $209,000 after purchasing an additional 64 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of Vulcan Materials in the 4th quarter valued at about $28,000. Nordea Investment Management AB raised its holdings in shares of Vulcan Materials by 50.6% in the 4th quarter. Nordea Investment Management AB now owns 32,713 shares of the construction company's stock valued at $7,384,000 after purchasing an additional 10,991 shares in the last quarter. Finally, Marcum Wealth LLC purchased a new position in shares of Vulcan Materials in the 4th quarter worth approximately $207,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Performance

Shares of VMC stock traded up $0.05 during trading hours on Friday, hitting $256.14. The company's stock had a trading volume of 599,755 shares, compared to its average volume of 719,459. The company has a 50 day moving average of $252.84 and a 200 day moving average of $252.45. The stock has a market cap of $33.88 billion, a PE ratio of 37.39, a price-to-earnings-growth ratio of 1.95 and a beta of 0.82. 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.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The construction company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.91 by ($0.11). The business had revenue of $1.55 billion during the quarter, compared to analysts' expectations of $1.50 billion. Vulcan Materials had a net margin of 11.92% and a return on equity of 12.32%. The firm's revenue was down 6.2% on a year-over-year basis. During the same period last year, the company earned $0.95 earnings per share. On average, sell-side analysts forecast that Vulcan Materials will post 8.37 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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 issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Vulcan Materials's dividend payout ratio (DPR) is currently 26.86%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Loop Capital cut their price objective on shares of Vulcan Materials from $305.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, July 3rd. Royal Bank of Canada lifted their price objective on shares of Vulcan Materials from $269.00 to $272.00 and gave the stock a "sector perform" rating in a research report on Friday, May 3rd. Stephens lifted their price objective on shares of Vulcan Materials from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Friday, May 3rd. Truist Financial lifted their price objective on shares of Vulcan Materials from $300.00 to $320.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd. Finally, Citigroup cut their price objective on shares of Vulcan Materials from $322.00 to $297.00 and set a "buy" rating on the stock in a research report on Thursday, July 11th. Five research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $277.08.

Insider Activity

In related news, President Thompson S. Baker II sold 8,600 shares of the business's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the completion of the transaction, the president now directly owns 1,300 shares in the company, valued at approximately $354,835. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Thompson S. Baker II sold 8,600 shares of the business's stock in a transaction on Friday, May 10th. The shares were sold at an average price of $272.95, for a total value of $2,347,370.00. Following the completion of the transaction, the president now directly owns 1,300 shares in the company, valued at approximately $354,835. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP David P. Clement sold 1,000 shares of the business's stock in a transaction 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 transaction, the senior vice president now owns 2,660 shares of the company's stock, valued at $676,970. The disclosure for this sale can be found here. Insiders have sold 17,210 shares of company stock valued at $4,653,520 in the last ninety days. Insiders own 0.62% of the company's stock.

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.