Vulcan Materials (NYSE:VMC) Holdings Boosted by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in shares of Vulcan Materials (NYSE:VMC) by 63.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,871 shares of the construction company’s stock after purchasing an additional 1,110 shares during the period. D.A. Davidson & CO.’s holdings in Vulcan Materials were worth $739,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Vulcan Materials during the 3rd quarter worth approximately $30,000. Concord Wealth Partners purchased a new position in Vulcan Materials during the 3rd quarter worth approximately $35,000. Washington Trust Advisors Inc. grew its position in Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after purchasing an additional 113 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Vulcan Materials during the 3rd quarter valued at $42,000. Finally, UMB Bank n.a. grew its holdings 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 valued at $48,000 after acquiring an additional 108 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on VMC. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial boosted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Stephens restated an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, Citigroup lowered their price target 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. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $304.55.

Vulcan Materials Stock Down 0.6 %

VMC stock opened at $251.45 on Tuesday. 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 $225.36 and a 1 year high of $298.31. The company has a fifty day simple moving average of $265.69 and a 200 day simple moving average of $261.69. The firm has a market cap of $33.21 billion, a PE ratio of 36.71, a PEG ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. The firm had revenue of $1.85 billion during 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 quarter in the previous year, the business earned $1.46 EPS. Sell-side analysts anticipate that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced 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 is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.78%. Vulcan Materials’s payout ratio is currently 26.86%.

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.