Financial Consulate Inc. Buys 426 Shares of Vulcan Materials (NYSE:VMC)

Financial Consulate Inc. increased its stake in Vulcan Materials (NYSE:VMC – Get Rating) by 20.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,478 shares of the construction company’s stock after acquiring an additional 426 shares during the period. Financial Consulate Inc.’s holdings in Vulcan Materials were worth $434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Accurate Wealth Management LLC purchased a new position in Vulcan Materials during the 4th quarter valued at about $79,000. Coldstream Capital Management Inc. purchased a new position in Vulcan Materials during the 4th quarter valued at about $310,000. Yousif Capital Management LLC increased its holdings in Vulcan Materials by 2.9% during the 4th quarter. Yousif Capital Management LLC now owns 19,754 shares of the construction company’s stock valued at $3,459,000 after purchasing an additional 566 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in Vulcan Materials by 302.2% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 181 shares of the construction company’s stock valued at $32,000 after purchasing an additional 136 shares during the period. Finally, General Partner Inc. purchased a new position in Vulcan Materials during the 4th quarter valued at about $30,000. Institutional investors own 90.08% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on Vulcan Materials from $215.00 to $227.00 and gave the company a “buy” rating in a report on Monday, December 19th. Raymond James upped their target price on Vulcan Materials from $186.00 to $199.00 and gave the stock an “outperform” rating in a report on Wednesday, January 25th. Truist Financial upped their target price on Vulcan Materials from $210.00 to $225.00 in a report on Friday, February 17th. Seaport Res Ptn reiterated a “neutral” rating on shares of Vulcan Materials in a report on Friday, February 10th. Finally, Morgan Stanley reduced their target price on Vulcan Materials from $199.00 to $191.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 21st. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $204.25.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $161.02 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.99 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $21.41 billion, a P/E ratio of 37.36, a PEG ratio of 1.83 and a beta of 0.76. The stock’s 50 day moving average is $179.90 and its 200 day moving average is $173.06. Vulcan Materials has a twelve month low of $137.54 and a twelve month high of $197.76.

Vulcan Materials (NYSE:VMC – Get Rating) last released its quarterly earnings data on Thursday, February 16th. The construction company reported $1.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.26 by ($0.18). The business had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.84 billion. Vulcan Materials had a net margin of 7.87% and a return on equity of 10.09%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $1.25 earnings per share. On average, equities research analysts predict that Vulcan Materials will post 5.93 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Monday, March 6th will be given a $0.43 dividend. The ex-dividend date of this dividend is Friday, March 3rd. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.40. This represents a $1.72 annualized dividend and a yield of 1.07%. Vulcan Materials’s dividend payout ratio is 39.91%.

About Vulcan Materials

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Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.