Verition Fund Management LLC increased its holdings in shares of Vulcan Materials Company (NYSE:VMC – Free Report) by 56.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,894 shares of the construction company’s stock after acquiring an additional 17,998 shares during the quarter. Verition Fund Management LLC’s holdings in Vulcan Materials were worth $14,231,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the business. Chesapeake Capital Corp IL lifted its holdings in Vulcan Materials by 0.9% during the fourth quarter. Chesapeake Capital Corp IL now owns 3,712 shares of the construction company’s stock worth $1,059,000 after acquiring an additional 33 shares during the period. Composition Wealth LLC lifted its holdings in Vulcan Materials by 3.5% during the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock worth $289,000 after acquiring an additional 34 shares during the period. Capital Investment Advisors LLC lifted its holdings in Vulcan Materials by 5.5% during the fourth quarter. Capital Investment Advisors LLC now owns 723 shares of the construction company’s stock worth $206,000 after acquiring an additional 38 shares during the period. Truist Financial Corp lifted its holdings in Vulcan Materials by 0.3% during the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock worth $3,802,000 after acquiring an additional 38 shares during the period. Finally, United Capital Financial Advisors LLC lifted its holdings in Vulcan Materials by 1.2% during the third quarter. United Capital Financial Advisors LLC now owns 3,095 shares of the construction company’s stock worth $952,000 after acquiring an additional 38 shares during the period. 90.39% of the stock is currently owned by institutional investors.
Vulcan Materials Stock Performance
Shares of VMC opened at $293.25 on Tuesday. The firm has a market cap of $38.05 billion, a PE ratio of 34.87, a PEG ratio of 2.07 and a beta of 1.05. The stock’s fifty day moving average price is $282.88 and its two-hundred day moving average price is $290.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a 1 year low of $252.35 and a 1 year high of $331.09.
Vulcan Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.52 per share. 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%.
Wall Street Analyst Weigh In
A number of analysts recently commented on the company. DA Davidson dropped their price target on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a report on Wednesday, February 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Wells Fargo & Company boosted their target price on Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Berenberg Bank set a $283.00 target price on Vulcan Materials and gave the company a “hold” rating in a research note on Tuesday, June 2nd. Finally, Morgan Stanley lowered their target price on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Seven investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Hold” and an average target price of $326.92.
Read Our Latest Stock Analysis 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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