Heck Capital Advisors LLC lessened its stake in shares of Vulcan Materials Company (NYSE:VMC - Free Report) by 55.4% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,438 shares of the construction company's stock after selling 1,785 shares during the period. Heck Capital Advisors LLC's holdings in Vulcan Materials were worth $335,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of VMC. BNP Paribas Financial Markets raised its holdings in Vulcan Materials by 239.8% in the 4th quarter. BNP Paribas Financial Markets now owns 739,003 shares of the construction company's stock valued at $190,094,000 after buying an additional 521,508 shares during the period. Alkeon Capital Management LLC raised its holdings in Vulcan Materials by 54.1% in the 4th quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock valued at $329,769,000 after buying an additional 450,000 shares during the period. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 7.4% in the 1st quarter. Principal Financial Group Inc. now owns 6,507,892 shares of the construction company's stock valued at $1,518,291,000 after buying an additional 445,691 shares during the period. T. Rowe Price Investment Management Inc. raised its holdings 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 valued at $143,957,000 after buying an additional 408,803 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Vulcan Materials by 29,580.1% in the 1st quarter. GAMMA Investing LLC now owns 398,010 shares of the construction company's stock valued at $92,856,000 after buying an additional 396,669 shares during the period. Hedge funds and other institutional investors own 90.39% of the company's stock.
Vulcan Materials Stock Performance
Shares of Vulcan Materials stock opened at $295.92 on Thursday. Vulcan Materials Company has a one year low of $215.08 and a one year high of $298.31. The company has a market cap of $39.10 billion, a PE ratio of 41.33, a P/E/G ratio of 2.39 and a beta of 0.83. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.13 and a current ratio of 1.67. The business has a 50-day simple moving average of $268.64 and a 200-day simple moving average of $258.37.
Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 EPS for the quarter, missing analysts' consensus estimates of $2.65 by ($0.20). Vulcan Materials had a return on equity of 12.81% and a net margin of 12.52%. The company had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.23 billion. During the same period in the prior year, the firm posted $2.35 earnings per share. The business's quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts forecast that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.
Vulcan Materials Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 3rd. Investors of record on Thursday, August 14th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 14th. Vulcan Materials's dividend payout ratio is 27.37%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on VMC shares. Barclays boosted their price objective on shares of Vulcan Materials from $285.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, August 1st. UBS Group raised Vulcan Materials from a "neutral" rating to a "buy" rating and lifted their target price for the company from $280.00 to $318.00 in a research report on Friday, May 16th. Raymond James Financial dropped their target price on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research report on Tuesday, April 29th. Stephens set a $315.00 target price on Vulcan Materials and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Argus raised Vulcan Materials to a "strong-buy" rating in a research report on Thursday, April 24th. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $304.27.
Check Out Our Latest Report on VMC
About Vulcan Materials
(
Free Report)
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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