Marble Wealth LLC bought a new stake in Vulcan Materials Company (NYSE:VMC – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund bought 3,622 shares of the construction company’s stock, valued at approximately $1,033,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its holdings in Vulcan Materials by 1.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,040,730 shares of the construction company’s stock valued at $296,837,000 after purchasing an additional 16,114 shares in the last quarter. Natixis Advisors LLC lifted its holdings in Vulcan Materials by 9.8% in the 4th quarter. Natixis Advisors LLC now owns 240,931 shares of the construction company’s stock valued at $68,719,000 after purchasing an additional 21,563 shares in the last quarter. Root Financial Partners LLC lifted its holdings in shares of Vulcan Materials by 48.7% during the 4th quarter. Root Financial Partners LLC now owns 293 shares of the construction company’s stock worth $84,000 after acquiring an additional 96 shares during the period. New Mexico Educational Retirement Board lifted its holdings in shares of Vulcan Materials by 1.7% during the 4th quarter. New Mexico Educational Retirement Board now owns 6,019 shares of the construction company’s stock worth $1,717,000 after acquiring an additional 100 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its holdings in shares of Vulcan Materials by 2.0% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 25,505 shares of the construction company’s stock worth $7,275,000 after acquiring an additional 500 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on VMC. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Royal Bank Of Canada increased their price objective on shares of Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a report on Thursday, April 30th. Barclays increased their price objective on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the stock a “hold” rating in a report on Tuesday. Finally, Raymond James Financial set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Hold” and a consensus price target of $326.92.
Vulcan Materials Stock Up 0.2%
VMC opened at $282.06 on Wednesday. The firm has a 50 day moving average price of $280.29 and a 200 day moving average price of $290.36. The company has a market cap of $36.60 billion, a PE ratio of 33.54, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.
Vulcan Materials (NYSE:VMC – Get Free Report) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Sell-side analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.
Vulcan Materials Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s dividend payout ratio is 24.73%.
About Vulcan Materials
Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.
Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.
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