Ieq Capital LLC Has $4.93 Million Stake in Vulcan Materials Company $VMC

Key Points

• Ieq Capital LLC increased its stake in Vulcan Materials Company by 174.1%, acquiring an additional 13,416 shares, bringing its total holdings to 21,124 shares valued at approximately $4.93 million.
• Several analysts have raised their price targets for Vulcan Materials, with Barclays setting a target of $305.00 and UBS increasing it to $318.00, indicating positive market sentiment.
• Vulcan Materials announced a quarterly dividend of $0.49, with an annual yield of 0.7%, reflecting a sustainable payout ratio of 27.37%.

Ieq Capital LLC grew its stake in Vulcan Materials Company (NYSE:VMC - Free Report) by 174.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,124 shares of the construction company's stock after purchasing an additional 13,416 shares during the period. Ieq Capital LLC's holdings in Vulcan Materials were worth $4,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC grew its position in Vulcan Materials by 26.9% during the 1st quarter. Manchester Capital Management LLC now owns 184 shares of the construction company's stock worth $43,000 after acquiring an additional 39 shares during the last quarter. Alpha Omega Wealth Management LLC grew its position in Vulcan Materials by 1.1% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 4,336 shares of the construction company's stock worth $1,012,000 after acquiring an additional 46 shares during the last quarter. Wellington Management Group LLP grew its position in Vulcan Materials by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after acquiring an additional 51 shares during the last quarter. Marks Group Wealth Management Inc grew its position in Vulcan Materials by 2.7% during the 1st quarter. Marks Group Wealth Management Inc now owns 2,203 shares of the construction company's stock worth $514,000 after acquiring an additional 57 shares during the last quarter. Finally, Allworth Financial LP grew its position in Vulcan Materials by 10.0% during the 1st quarter. Allworth Financial LP now owns 651 shares of the construction company's stock worth $163,000 after acquiring an additional 59 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Performance

Shares of NYSE:VMC traded up $1.20 during trading on Tuesday, reaching $292.36. 1,143,651 shares of the stock were exchanged, compared to its average volume of 1,039,938. Vulcan Materials Company has a 12 month low of $215.08 and a 12 month high of $298.31. The firm has a market cap of $38.63 billion, a PE ratio of 40.83, a PEG ratio of 2.38 and a beta of 0.86. The stock has a 50-day moving average price of $276.25 and a 200-day moving average price of $259.90. The company has a current ratio of 1.67, a quick ratio of 1.13 and a debt-to-equity ratio of 0.52.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The construction company reported $2.45 earnings per share (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 firm had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the prior year, the firm earned $2.35 EPS. The company's revenue was up 4.4% on a year-over-year basis. Research analysts expect that Vulcan Materials Company will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 3rd. Stockholders of record on Thursday, August 14th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, August 14th. Vulcan Materials's payout ratio is currently 27.37%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VMC. JPMorgan Chase & Co. increased their price target on Vulcan Materials from $285.00 to $330.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 26th. Barclays upped their price objective on Vulcan Materials from $285.00 to $305.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citigroup reaffirmed a "buy" rating and set a $321.00 price objective (up previously from $305.00) on shares of Vulcan Materials in a report on Monday, August 4th. UBS Group upgraded Vulcan Materials from a "neutral" rating to a "buy" rating and raised their price target for the stock from $280.00 to $318.00 in a research report on Friday, May 16th. Finally, Morgan Stanley reduced their target price on Vulcan Materials from $303.00 to $285.00 and set an "equal weight" rating on the stock in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $308.36.

Vulcan Materials 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.