Vulcan Materials (NYSE:VMC) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 37.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,265 shares of the construction company's stock after purchasing an additional 6,010 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Vulcan Materials were worth $5,732,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Murphy & Mullick Capital Management Corp purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials in the fourth quarter valued at $31,000. Generali Asset Management SPA SGR purchased a new stake in Vulcan Materials during the 4th quarter worth about $32,000. UMB Bank n.a. boosted its position in shares of Vulcan Materials by 138.5% during the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after acquiring an additional 108 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in shares of Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock valued at $54,000 after acquiring an additional 48 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VMC has been the subject of several recent analyst reports. UBS Group cut Vulcan Materials from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $343.00 to $258.00 in a research note on Monday, April 7th. Seaport Res Ptn raised shares of Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Morgan Stanley cut their target price on Vulcan Materials from $300.00 to $273.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Raymond James decreased their target price on Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a research report on Thursday, January 16th. Finally, Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Four equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $293.64.

Vulcan Materials Price Performance

Shares of VMC traded up $7.67 during mid-day trading on Wednesday, hitting $248.24. The company's stock had a trading volume of 207,648 shares, compared to its average volume of 923,192. 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 firm has a market capitalization of $32.83 billion, a P/E ratio of 36.24, a P/E/G ratio of 2.03 and a beta of 0.80. The firm has a 50-day simple moving average of $240.32 and a 200 day simple moving average of $259.39.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.76 by $0.41. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same period in the previous year, the firm earned $1.46 EPS. Analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 0.79%. Vulcan Materials's dividend payout ratio (DPR) is 28.61%.

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.