Captrust Financial Advisors Acquires 1,955 Shares of Vulcan Materials (NYSE:VMC)

Captrust Financial Advisors boosted its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,232 shares of the construction company's stock after acquiring an additional 1,955 shares during the quarter. Captrust Financial Advisors' holdings in Vulcan Materials were worth $5,976,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in VMC. Vanguard Group Inc. raised its holdings in shares of Vulcan Materials by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 16,352,507 shares of the construction company's stock valued at $4,206,355,000 after purchasing an additional 90,157 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company's stock valued at $1,559,380,000 after buying an additional 741,631 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Vulcan Materials by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 3,348,418 shares of the construction company's stock worth $859,171,000 after buying an additional 36,833 shares during the last quarter. Norges Bank bought a new stake in shares of Vulcan Materials during the 4th quarter worth about $380,369,000. Finally, Alkeon Capital Management LLC increased its holdings in shares of Vulcan Materials by 54.1% during the 4th quarter. Alkeon Capital Management LLC now owns 1,282,001 shares of the construction company's stock valued at $329,769,000 after acquiring an additional 450,000 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMC has been the topic of several analyst reports. UBS Group downgraded Vulcan Materials from a "buy" rating to a "neutral" rating and lowered their price target for the company from $343.00 to $258.00 in a report on Monday, April 7th. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their price target for the company from $290.00 to $285.00 in a report on Wednesday, March 19th. Loop Capital dropped their price objective on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Finally, Royal Bank of Canada increased their target price on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $294.73.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded up $1.10 during trading on Friday, hitting $269.52. 508,342 shares of the company's stock traded hands, compared to its average volume of 937,433. The company has a market cap of $35.60 billion, a PE ratio of 39.35, a PEG ratio of 2.03 and a beta of 0.84. The firm's fifty day moving average price is $241.51 and its 200 day moving average price is $260.20. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. The company 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 company's revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. Analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.49 per share. 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 dividend yield of 0.73%. Vulcan Materials's dividend payout ratio (DPR) is presently 27.80%.

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.