Vulcan Materials (NYSE:VMC) Shares Bought by Atria Investments Inc

Atria Investments Inc boosted its stake in shares of Vulcan Materials (NYSE:VMC) by 11.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,941 shares of the construction company’s stock after buying an additional 798 shares during the quarter. Atria Investments Inc’s holdings in Vulcan Materials were worth $2,043,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in shares of Vulcan Materials by 13.9% in the fourth quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company’s stock valued at $1,559,380,000 after purchasing an additional 741,631 shares in the last quarter. State Street Corp lifted its holdings in shares of Vulcan Materials by 1.2% in the third quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock valued at $1,322,546,000 after purchasing an additional 65,163 shares in the last quarter. FMR LLC lifted its holdings in shares of Vulcan Materials by 2.2% in the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after purchasing an additional 78,271 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Vulcan Materials by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after purchasing an additional 33,061 shares in the last quarter. Finally, Stockbridge Partners LLC lifted its holdings in shares of Vulcan Materials by 9.6% in the third quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock valued at $392,815,000 after purchasing an additional 137,365 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VMC shares. JPMorgan Chase & Co. upped their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada upped their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a report on Wednesday, February 19th. Morgan Stanley upped their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They set a “buy” rating and a $287.00 price objective on the stock. Finally, Raymond James reduced their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $303.08.

Vulcan Materials Stock Performance

NYSE:VMC opened at $221.47 on Monday. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The company has a market cap of $29.26 billion, a P/E ratio of 32.33, a P/E/G ratio of 2.03 and a beta of 0.80. Vulcan Materials has a fifty-two week low of $218.71 and a fifty-two week high of $298.31. The firm’s 50 day moving average is $261.37 and its two-hundred day moving average is $261.43.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business earned $1.46 earnings per share. Analysts expect that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.89%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is presently 28.61%.

Vulcan Materials 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.