Myriad Asset Management Advisors LLC purchased a new position in shares of Vulcan Materials Company (NYSE:VMC – Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,321 shares of the construction company’s stock, valued at approximately $3,229,000. Vulcan Materials accounts for 1.0% of Myriad Asset Management Advisors LLC’s investment portfolio, making the stock its 28th biggest position.
Other large investors also recently bought and sold shares of the company. NBT Bank N A NY purchased a new stake in Vulcan Materials during the 4th quarter worth about $26,000. Godsey & Gibb Inc. purchased a new stake in Vulcan Materials during the 4th quarter worth about $30,000. Measured Wealth Private Client Group LLC purchased a new stake in Vulcan Materials during the 3rd quarter worth about $30,000. WPG Advisers LLC increased its holdings in Vulcan Materials by 56.4% during the 4th quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after purchasing an additional 44 shares during the period. Finally, Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the 4th quarter worth about $36,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.
Wall Street Analyst Weigh In
VMC has been the subject of several analyst reports. Royal Bank Of Canada upped their price objective on Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Berenberg Bank set a $283.00 price objective on Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Oppenheimer initiated coverage on Vulcan Materials in a research report on Thursday, May 28th. They set a “market perform” rating for the company. Morgan Stanley lowered their price objective on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. Finally, Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a research report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $326.92.
Vulcan Materials Stock Down 1.8%
Shares of NYSE VMC opened at $273.86 on Thursday. The stock has a market cap of $35.54 billion, a PE ratio of 32.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The business has a 50-day moving average price of $282.34 and a 200 day moving average price of $290.10.
Vulcan Materials (NYSE:VMC – Get Free Report) last announced its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The business’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 EPS. Equities research analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current year.
Vulcan Materials Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a $0.52 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio is 24.73%.
Vulcan Materials Company Profile
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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