O Shaughnessy Asset Management LLC lifted its stake in Vulcan Materials Company (NYSE:VMC – Free Report) by 8.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,041 shares of the construction company’s stock after acquiring an additional 2,818 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Vulcan Materials were worth $10,565,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. NBT Bank N A NY acquired a new stake in Vulcan Materials during the fourth quarter worth $26,000. Godsey & Gibb Inc. acquired a new stake in Vulcan Materials during the fourth quarter worth $30,000. Measured Wealth Private Client Group LLC acquired a new stake in Vulcan Materials during the third quarter worth $30,000. WPG Advisers LLC boosted its stake in Vulcan Materials by 56.4% during the fourth quarter. WPG Advisers LLC now owns 122 shares of the construction company’s stock worth $35,000 after buying an additional 44 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials during the fourth quarter worth $36,000. Institutional investors and hedge funds own 90.39% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on VMC shares. Barclays lifted their price target on shares of Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, April 30th. Wells Fargo & Company lifted their price target on shares of Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Stifel Nicolaus set a $333.00 price target on shares of Vulcan Materials in a research note on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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 PEG ratio of 2.01 and a beta of 1.05. The business has a fifty day moving average of $282.34 and a two-hundred day moving average of $290.10. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week 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 issued its quarterly earnings data 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 company 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 last year, the business earned $1.00 earnings per share. As a group, equities research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.
Vulcan Materials Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a dividend of $0.52 per share. 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 (DPR) is presently 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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