Schonfeld Strategic Advisors LLC Buys 3,186 Shares of Vulcan Materials (NYSE:VMC)

Schonfeld Strategic Advisors LLC grew its stake in Vulcan Materials (NYSE:VMC - Free Report) by 2.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,383 shares of the construction company's stock after acquiring an additional 3,186 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.09% of Vulcan Materials worth $30,194,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Lido Advisors LLC boosted its holdings in shares of Vulcan Materials by 8.9% during the fourth quarter. Lido Advisors LLC now owns 1,439 shares of the construction company's stock worth $370,000 after purchasing an additional 117 shares during the last quarter. Beacon Pointe Advisors LLC raised its position in Vulcan Materials by 6.3% in the fourth quarter. Beacon Pointe Advisors LLC now owns 1,110 shares of the construction company's stock valued at $286,000 after purchasing an additional 66 shares during the period. Fernbridge Capital Management LP purchased a new stake in shares of Vulcan Materials during the 4th quarter valued at about $79,227,000. Virtus ETF Advisers LLC acquired a new position in shares of Vulcan Materials during the fourth quarter worth $1,144,000. Finally, Coldstream Capital Management Inc. lifted its holdings in Vulcan Materials by 4.2% in the 4th quarter. Coldstream Capital Management Inc. now owns 2,332 shares of the construction company's stock worth $600,000 after buying an additional 94 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on VMC. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Stephens restated an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Wolfe Research upgraded shares of Vulcan Materials from a "peer perform" rating to an "outperform" rating in a research report on Thursday, April 10th. Raymond James reduced their price target on Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research report on Tuesday. Finally, Morgan Stanley decreased their price objective on shares of Vulcan Materials from $300.00 to $273.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Four 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 currently has an average rating of "Moderate Buy" and an average target price of $295.64.

Vulcan Materials Trading Up 1.4 %

Shares of Vulcan Materials stock traded up $3.69 during trading on Friday, hitting $267.32. The stock had a trading volume of 1,010,739 shares, compared to its average volume of 935,388. The stock has a 50 day simple moving average of $238.68 and a 200 day simple moving average of $259.68. The company has a quick ratio of 2.02, a current ratio of 1.83 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 company has a market capitalization of $35.36 billion, a PE ratio of 39.02, a P/E/G ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.20. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the company earned $0.80 EPS. On average, research analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.73%. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials's payout ratio is currently 28.61%.

Vulcan Materials Company 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.