Curi RMB Capital LLC Makes New $506,000 Investment in Vulcan Materials (NYSE:VMC)

Curi RMB Capital LLC acquired a new stake in Vulcan Materials (NYSE:VMC - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,966 shares of the construction company's stock, valued at approximately $506,000.

Other hedge funds have also modified their holdings of the company. Virtu Financial LLC acquired a new stake in shares of Vulcan Materials in the third quarter valued at $811,000. DAVENPORT & Co LLC raised its stake in Vulcan Materials by 149.4% in the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock valued at $2,416,000 after buying an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in Vulcan Materials in the fourth quarter valued at $514,000. Campbell Newman Asset Management Inc. acquired a new stake in Vulcan Materials in the fourth quarter valued at $15,719,000. Finally, Franklin Resources Inc. raised its stake in Vulcan Materials by 284.9% in the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company's stock valued at $11,104,000 after buying an additional 33,051 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Citigroup restated a "buy" rating on shares of Vulcan Materials in a research note on Monday, March 24th. Stephens restated an "overweight" rating and issued a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Finally, Morgan Stanley dropped their price objective on Vulcan Materials from $300.00 to $273.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $293.64.

Vulcan Materials Stock Performance

Shares of NYSE VMC traded down $2.40 during midday trading on Friday, reaching $247.11. 694,621 shares of the company were exchanged, compared to its average volume of 927,738. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The stock has a fifty day simple moving average of $238.89 and a 200 day simple moving average of $259.67. The stock has a market cap of $32.69 billion, a P/E ratio of 36.07, a PEG ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the company posted $1.46 earnings per share. On average, research analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.49 per share. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date was Monday, March 10th. This represents a $1.96 annualized dividend and a yield of 0.79%. Vulcan Materials's payout ratio is presently 28.61%.

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.