Cary Street Partners Financial LLC Purchases Shares of 3,207 Vulcan Materials (NYSE:VMC)

Cary Street Partners Financial LLC bought a new stake in shares of Vulcan Materials (NYSE:VMC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,207 shares of the construction company's stock, valued at approximately $825,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baird Financial Group Inc. lifted its holdings in Vulcan Materials by 8.7% in the fourth quarter. Baird Financial Group Inc. now owns 11,442 shares of the construction company's stock worth $2,943,000 after buying an additional 914 shares during the period. Baker Avenue Asset Management LP lifted its stake in shares of Vulcan Materials by 259.4% in the 4th quarter. Baker Avenue Asset Management LP now owns 32,402 shares of the construction company's stock valued at $8,335,000 after purchasing an additional 23,386 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Vulcan Materials by 239.8% during the fourth quarter. BNP Paribas Financial Markets now owns 739,003 shares of the construction company's stock valued at $190,094,000 after purchasing an additional 521,508 shares in the last quarter. Algert Global LLC grew its stake in Vulcan Materials by 22.4% in the fourth quarter. Algert Global LLC now owns 2,265 shares of the construction company's stock worth $583,000 after purchasing an additional 415 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Vulcan Materials by 4.5% in the fourth quarter. Ameriprise Financial Inc. now owns 489,990 shares of the construction company's stock worth $126,041,000 after purchasing an additional 21,202 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Argus upgraded Vulcan Materials to a "strong-buy" rating in a research note on Thursday, April 24th. Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Stifel Nicolaus increased their price objective on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $290.00 to $285.00 in a report on Wednesday, March 19th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $294.73.

Vulcan Materials Stock Performance

Vulcan Materials stock traded up $1.10 during trading on Friday, reaching $269.52. The company had a trading volume of 508,342 shares, compared to its average volume of 937,433. The firm's 50-day simple moving average is $241.51 and its 200 day simple moving average is $260.20. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $35.60 billion, a price-to-earnings ratio of 39.35, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. The company had revenue of $1.63 billion during the quarter, compared to analysts' expectations of $1.64 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. Vulcan Materials's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.80 earnings per share. Sell-side analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal 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 $0.49 dividend. 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 dividend payout ratio is 27.80%.

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.