Vontobel Holding Ltd. trimmed its position in shares of Vulcan Materials Company (NYSE:VMC – Free Report) by 7.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,401,790 shares of the construction company’s stock after selling 109,637 shares during the period. Vulcan Materials accounts for approximately 1.3% of Vontobel Holding Ltd.’s holdings, making the stock its 20th biggest position. Vontobel Holding Ltd. owned approximately 1.06% of Vulcan Materials worth $399,819,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. NBT Bank N A NY acquired a new position in Vulcan Materials during the 4th quarter valued at about $26,000. Godsey & Gibb Inc. acquired a new position in Vulcan Materials during the 4th quarter valued at about $30,000. Measured Wealth Private Client Group LLC acquired a new position in Vulcan Materials during the 3rd quarter valued at about $30,000. WPG Advisers LLC boosted its stake in Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock valued at $35,000 after purchasing an additional 44 shares during the period. Finally, Concord Wealth Partners acquired a new position in Vulcan Materials during the 4th quarter valued at about $36,000. 90.39% of the stock is owned by institutional investors and hedge funds.
Vulcan Materials Stock Up 2.1%
VMC stock opened at $286.21 on Friday. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a market capitalization of $37.14 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05. The firm’s 50-day moving average is $282.62 and its two-hundred day moving average is $290.02. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51.
Vulcan Materials Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Friday, May 22nd. Vulcan Materials’s payout ratio is presently 24.73%.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, April 30th. Morgan Stanley dropped their price target on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Berenberg Bank set a $283.00 price target on shares of Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Vulcan Materials has an average rating of “Hold” and an average price target of $326.92.
Read Our Latest Research Report on VMC
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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