4WEALTH Advisors Inc. Purchases Shares of 1,145 Vulcan Materials (NYSE:VMC)

4WEALTH Advisors Inc. acquired a new stake in Vulcan Materials (NYSE:VMC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,145 shares of the construction company's stock, valued at approximately $294,000.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new position in Vulcan Materials during the 4th quarter valued at $380,369,000. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after purchasing an additional 884,580 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in Vulcan Materials by 28,529.4% during the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock worth $134,694,000 after purchasing an additional 521,802 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Vulcan Materials by 271.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 559,643 shares of the construction company's stock worth $143,957,000 after purchasing an additional 408,803 shares in the last quarter. Finally, Fernbridge Capital Management LP purchased a new stake in Vulcan Materials in the 4th quarter valued at about $79,227,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Up 1.4 %

Shares of VMC stock opened at $267.32 on Friday. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The company's fifty day simple moving average is $239.03 and its two-hundred day simple moving average is $259.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The stock has a market capitalization of $35.36 billion, a price-to-earnings ratio of 39.02, a PEG ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter last year, the company earned $0.80 EPS. The firm's revenue was up 5.8% compared to the same quarter last year. As a group, analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.96 annualized dividend and a yield of 0.73%. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's payout ratio is currently 28.61%.

Analysts Set New Price Targets

A number of analysts recently commented on VMC shares. Royal Bank of Canada increased their price target on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. raised Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their target price for the company from $290.00 to $285.00 in a research report on Wednesday, March 19th. Wolfe Research upgraded shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Argus raised shares of Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Finally, Citigroup reissued a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $295.64.

About Vulcan Materials

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.

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.