Sigma Planning Corp Purchases 65 Shares of Vulcan Materials (NYSE:VMC)

Sigma Planning Corp lifted its position in shares of Vulcan Materials (NYSE:VMC) by 2.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,642 shares of the construction company’s stock after purchasing an additional 65 shares during the quarter. Sigma Planning Corp’s holdings in Vulcan Materials were worth $680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in VMC. Virtu Financial LLC bought a new stake in shares of Vulcan Materials in the 3rd quarter worth approximately $811,000. DAVENPORT & Co LLC raised its stake in Vulcan Materials by 149.4% during the fourth quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company’s stock valued at $2,416,000 after buying an additional 5,627 shares during the last quarter. Smith Group Asset Management LLC purchased a new stake in shares of Vulcan Materials in the fourth quarter worth $514,000. Campbell Newman Asset Management Inc. purchased a new stake in shares of Vulcan Materials in the fourth quarter worth $15,719,000. Finally, Franklin Resources Inc. increased its holdings in shares of Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock valued at $11,104,000 after acquiring an additional 33,051 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

VMC has been the topic of several recent analyst reports. Citigroup cut their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada increased their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a report on Wednesday, February 19th. Truist Financial raised their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Raymond James lowered their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $304.55.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $250.36 on Thursday. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $33.06 billion, a price-to-earnings ratio of 36.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. The firm has a 50 day moving average of $264.94 and a 200 day moving average of $261.65.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.41. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same period last year, the firm earned $1.46 earnings per share. On average, research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.78%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s payout ratio is currently 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.