Aptus Capital Advisors LLC Purchases 2,834 Shares of Vulcan Materials (NYSE:VMC)

Aptus Capital Advisors LLC grew its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 66.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,096 shares of the construction company's stock after buying an additional 2,834 shares during the quarter. Aptus Capital Advisors LLC's holdings in Vulcan Materials were worth $1,825,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of VMC. AXA S.A. grew its stake in Vulcan Materials by 248.1% in the 4th quarter. AXA S.A. now owns 7,881 shares of the construction company's stock worth $2,027,000 after acquiring an additional 5,617 shares in the last quarter. 1248 Management LLC bought a new position in Vulcan Materials during the 4th quarter worth about $1,251,000. 4WEALTH Advisors Inc. purchased a new stake in shares of Vulcan Materials in the 4th quarter worth approximately $294,000. DoubleLine ETF Adviser LP bought a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $3,811,000. Finally, Keel Point LLC boosted its stake in shares of Vulcan Materials by 8.9% during the fourth quarter. Keel Point LLC now owns 1,960 shares of the construction company's stock valued at $504,000 after purchasing an additional 161 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on VMC shares. Argus raised Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Loop Capital decreased their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Morgan Stanley cut their price objective on shares of Vulcan Materials from $300.00 to $273.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. JPMorgan Chase & Co. raised shares of 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. Finally, Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Vulcan Materials has a consensus rating of "Moderate Buy" and an average target price of $295.64.

Vulcan Materials Stock Up 1.2 %

Shares of VMC stock opened at $270.18 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The firm has a market capitalization of $35.69 billion, a PE ratio of 39.44, a P/E/G ratio of 2.03 and a beta of 0.84. The stock's 50-day simple moving average is $239.42 and its 200-day simple moving average is $259.87.

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

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Monday, March 10th. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's payout ratio is 27.80%.

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.

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