Quantinno Capital Management LP Purchases 1,590 Shares of Vulcan Materials (NYSE:VMC)

Quantinno Capital Management LP boosted its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 34.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 6,180 shares of the construction company's stock after buying an additional 1,590 shares during the period. Quantinno Capital Management LP's holdings in Vulcan Materials were worth $1,590,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of VMC. Geneos Wealth Management Inc. increased its stake in Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock worth $65,000 after purchasing an additional 36 shares during the period. Quadrant Capital Group LLC boosted its position in Vulcan Materials by 2.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company's stock valued at $461,000 after purchasing an additional 44 shares in the last quarter. Howard Capital Management Inc. boosted its position in Vulcan Materials by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock valued at $233,000 after purchasing an additional 45 shares in the last quarter. Washington Trust Advisors Inc. boosted its position in Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock valued at $54,000 after purchasing an additional 48 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC boosted its holdings in Vulcan Materials by 4.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock worth $301,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Vulcan Materials stock traded down $3.62 during trading hours on Friday, hitting $268.06. The stock had a trading volume of 816,367 shares, compared to its average volume of 944,150. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The stock has a market capitalization of $35.41 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. The stock's fifty day moving average is $249.79 and its two-hundred day moving average is $260.38.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued 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 firm had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm's quarterly revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.80 EPS. As a group, analysts predict that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $1.96 annualized dividend and a dividend yield of 0.73%. Vulcan Materials's payout ratio is currently 27.80%.

Insider Activity at Vulcan Materials

In other news, SVP David P. Clement sold 1,500 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total transaction of $405,000.00. Following the completion of the transaction, the senior vice president now owns 2,832 shares of the company's stock, valued at approximately $764,640. The trade was a 34.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.62% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have commented on VMC. JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and lowered their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Stephens set a $315.00 price target on Vulcan Materials and gave the stock an "overweight" rating in a report on Thursday, May 1st. Loop Capital cut their price objective on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating for the company in a research report on Tuesday, April 1st. Citigroup reaffirmed a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Finally, Stifel Nicolaus lifted their price objective on Vulcan Materials from $287.00 to $309.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Vulcan Materials currently has an average rating of "Moderate Buy" and an average price target of $302.91.

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.