Independent Advisor Alliance Has $508,000 Stock Position in Vulcan Materials (NYSE:VMC)

Independent Advisor Alliance boosted its stake in shares of Vulcan Materials (NYSE:VMC) by 35.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,976 shares of the construction company’s stock after buying an additional 512 shares during the period. Independent Advisor Alliance’s holdings in Vulcan Materials were worth $508,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VMC. Principal Financial Group Inc. raised its holdings in Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after buying an additional 884,580 shares during the period. GSA Capital Partners LLP raised its holdings in Vulcan Materials by 78.9% during the 3rd quarter. GSA Capital Partners LLP now owns 2,170 shares of the construction company’s stock worth $543,000 after buying an additional 957 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in Vulcan Materials by 11.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,113 shares of the construction company’s stock worth $279,000 after buying an additional 110 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in Vulcan Materials by 4.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,722 shares of the construction company’s stock worth $1,433,000 after buying an additional 237 shares during the period. Finally, OneDigital Investment Advisors LLC raised its holdings in Vulcan Materials by 8.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,546 shares of the construction company’s stock worth $387,000 after buying an additional 114 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Price Performance

Shares of VMC opened at $235.29 on Tuesday. The company has a market cap of $31.08 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. The company’s fifty day simple moving average is $257.85 and its 200 day simple moving average is $260.69. 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 (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business posted $1.46 earnings per share. On average, research analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.83%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. Vulcan Materials’s payout ratio is 28.61%.

Wall Street Analysts Forecast Growth

VMC has been the topic of several research analyst reports. JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Stifel Nicolaus started coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They issued a “buy” rating and a $287.00 price objective on the stock. Stephens reiterated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Citigroup lowered their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Royal Bank of Canada lifted their price objective 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. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $303.08.

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.