B. Riley Wealth Advisors Inc. Purchases 5,124 Shares of Vulcan Materials (NYSE:VMC)

Financial Advisors


B. Riley Wealth Advisors, Inc. purchased additional shares of Vulcan Materials (NYSE: VMC – Get Rating) during the fourth quarter, according to its latest SEC filing. The fund purchased 5,124 shares of construction company stock, valued at approximately $897,000.

Several other large investors have also added or reduced their stakes in the company. CI Investments Inc. increased his stake in Vulcan Materials stock by 956.3% in the third quarter. CI Investments Inc. purchased an additional 153 shares during the last quarter and now owns 169 shares of the construction company, valued at $27,000. Achmea Investment Management BV purchased new shares in his Vulcan Materials shares worth approximately $29,000 in the first quarter. General Partner Inc. purchased new shares of Vulcan Materials stock valued at approximately $30,000 in the fourth quarter. HBC Financial Services PLLC acquired a new position worth approximately $30,000 in Vulcan Materials in the fourth quarter. Finally, the New Hampshire Trust acquired a new position worth approximately $31,000 in Vulcan Materials in the fourth quarter. Hedge funds and other institutional investors own 89.02% of the company’s shares.

insider trading

In related news, CEO J Thomas Hill sold 4,695 shares in a transaction that took place on Wednesday, June 7th. The shares were sold at an average price of $201.79 for a total of $947,404.05. Following the closing of the transaction, the CEO will directly own 80,039 shares of the company’s stock valued at $16,151,069.81. The sale was disclosed in documents filed with the Securities and Exchange Commission, available at this hyperlink. In other news, SVP David P. Clement sold 2,389 shares of the company in his Thursday, May 11th deal. The stock sold at an average price of $196.00, giving him a trading value of $468,244.00. Following the closing of the transaction, the Senior Vice President will own directly 2,887 shares of the Company’s stock valued at $565,852. The deal was disclosed in his SEC filed documents, which are available at this link. And CEO J. Thomas Hill sold 4,695 shares in the company in a trade on Wednesday, June 7. The shares were sold at an average price of $201.79 for a total of $947,404.05. After the transaction, the CEO now owns 80,039 shares of the company, valued at $16,151,069.81. Disclosure information regarding this sale can be found here. In the past three months, insiders have sold 7,644 shares of his company worth $1,529,014. Insiders own 0.57% of the company’s shares.

Analyst upgrades and downgrades

VMC has been the subject of many analyst reports. JPMorgan Chase raised its price target on Vulcan Materials to $215.00 from $200.00 in a report on Friday, May 5. 92 Resources reaffirmed its “Affirmative” rating on Vulcan Materials shares in a report on Friday, May 5. StockNews.com began covering his Vulcan Materials with a report on Thursday, May 18th. They issued a “hold” rating to the company. Morgan Stanley lowered its price target on Vulcan Materials from $191.00 to $186.00 and set the company’s rating to ‘equal weight’ in a report on Thursday, April 20. Finally, Goldman Sachs Group upgraded Vulcan Materials from ‘neutral’ to ‘buy’ and its price target to $212.00 from $188.00 in its report on Monday, April 3. Four research analysts rate the stock as a “hold”, while nine rate it as a “buy”. According to MarketBeat data, Vulcan Materials currently has an average rating of “Moderate Buy” and an average target price of $208.08.

Vulcan Material Price Performance

NYSE:VMC opened at $214.77 on Tuesday. Vulcan Materials has a one-year low of $137.54 and a one-year high of $215.89. The company has a debt to equity ratio of 0.55, a quick ratio of 1.59 and a current ratio of 2.37. The stock has a market cap of $28.58 billion, trades at 47.52 times earnings, 1.58 times earnings, and 0.73 times beta. The stock has a 50-day moving average price of $194.28 and a 200-day moving average price of $182.81.

Vulcan Materials (NYSE:VMC – Get Rating) last reported quarterly results on Thursday, May 4th. The construction firm reported his EPS of $0.95 for the quarter, beating consensus expectations of $0.64 for him by $0.31. Vulcan Materials’ return on equity was 10.36% and net profit margin was 8.14%. The company had revenue of $1.65 billion for the quarter, up from $1.57 billion expected by analysts. The company posted earnings per share of $0.73 in the year-ago quarter. Revenues from this business increased by 7.0% year-on-year in the quarter. Equity research analysts expect Vulcan Materials to post 6.52 EPS in the current financial year.

Vulcan Materials Announces Dividend

The company also recently announced its quarterly dividend, which was paid out on Friday, June 9. He was given a dividend of $0.43 to investors of record on Friday, May 26. The ex-dividend date for this dividend was Thursday, May 25. This equates to an annualized dividend of $1.72 and a yield of 0.80%. Vulcan Materials’ dividend payout ratio is 38.05%.

About Vulcan Materials

(get rating)

Vulcan Materials Company, along with its subsidiaries, manufactures and supplies construction aggregates primarily in the United States. It operates in his four segments of Aggregate, Asphalt, Concrete and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates. Related products and services applied in the construction and maintenance of highways, roads and other public works, construction of residential, commercial, industrial and other non-residential establishments.

References

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

Vulcan Materials Quarterly Institutional Ownership (NYSE:VMC)

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