London Co. of Virginia Trims Stock Position in Vulcan Materials (NYSE:VMC)

London Co. of Virginia reduced its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 785,807 shares of the construction company's stock after selling 4,439 shares during the quarter. London Co. of Virginia owned 0.60% of Vulcan Materials worth $202,133,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Murphy & Mullick Capital Management Corp purchased a new position in shares of Vulcan Materials during the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in Vulcan Materials in the fourth quarter worth $31,000. Generali Asset Management SPA SGR purchased a new stake in Vulcan Materials in the fourth quarter worth about $32,000. Kapitalo Investimentos Ltda bought a new position in Vulcan Materials during the 4th quarter valued at approximately $35,000. Finally, UMB Bank n.a. raised its position in shares of Vulcan Materials by 138.5% in the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after purchasing an additional 108 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on VMC shares. Raymond James lowered their target price on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 29th. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research note on Thursday, April 10th. Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. Loop Capital decreased their target price on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Royal Bank of Canada increased their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 19th. Four research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and an average target price of $297.45.

Vulcan Materials Stock Up 1.7%

Shares of NYSE VMC traded up $4.61 during mid-day trading on Thursday, reaching $270.93. 811,439 shares of the company were exchanged, compared to its average volume of 944,214. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The stock has a market cap of $35.79 billion, a price-to-earnings ratio of 39.55, a P/E/G ratio of 2.03 and a beta of 0.84. The firm has a 50-day moving average of $243.72 and a 200 day moving average of $260.41. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping the consensus estimate of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same quarter in the prior year, the firm posted $0.80 EPS. The business's quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts expect that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be issued a $0.49 dividend. The ex-dividend date is Friday, May 23rd. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials's dividend payout ratio is presently 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.