1,724 Shares in Vulcan Materials (NYSE:VMC) Acquired by Polymer Capital Management US LLC

Polymer Capital Management US LLC bought a new position in Vulcan Materials (NYSE:VMC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,724 shares of the construction company’s stock, valued at approximately $443,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Geneos Wealth Management Inc. raised its holdings in shares of Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after buying an additional 36 shares during the period. Quadrant Capital Group LLC raised its stake in Vulcan Materials by 2.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company’s stock worth $461,000 after acquiring an additional 44 shares during the last quarter. Howard Capital Management Inc. increased its stake in shares of Vulcan Materials by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock worth $233,000 after acquiring an additional 45 shares during the period. Washington Trust Advisors Inc. lifted its holdings in Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock valued at $54,000 after acquiring an additional 48 shares during the period. Finally, Sound View Wealth Advisors Group LLC grew its position in shares of Vulcan Materials by 4.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company’s stock valued at $301,000 after acquiring an additional 48 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $230.98 on Monday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. Vulcan Materials has a one year low of $215.08 and a one year high of $298.31. The firm has a market cap of $30.55 billion, a price-to-earnings ratio of 33.72, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The stock’s 50-day moving average is $250.05 and its 200-day moving average is $260.62.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.76 by $0.41. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same quarter in the prior year, the business earned $1.46 EPS. Equities analysts predict that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio (DPR) is 28.61%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Seaport Res Ptn raised Vulcan Materials to a “strong-buy” rating in a research note on Friday, March 21st. Stifel Nicolaus began coverage on Vulcan Materials in a research note on Tuesday, March 4th. They issued a “buy” rating and a $287.00 price target on the stock. Citigroup reissued a “buy” rating on shares of Vulcan Materials in a report on Monday, March 24th. JPMorgan Chase & Co. raised Vulcan Materials from a “neutral” rating to an “overweight” rating and dropped their target price for the company from $290.00 to $285.00 in a report on Wednesday, March 19th. Finally, Stephens reiterated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $305.58.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.