696 Shares in Vulcan Materials (NYSE:VMC) Purchased by Marshall Investment Management LLC

Marshall Investment Management LLC acquired a new position in Vulcan Materials (NYSE:VMC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 696 shares of the construction company’s stock, valued at approximately $174,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMC. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials in the third quarter worth about $30,000. Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the 3rd quarter worth about $35,000. Washington Trust Advisors Inc. grew its position in shares of 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 buying an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials during the 3rd quarter worth about $42,000. Finally, UMB Bank n.a. grew its position 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 worth $48,000 after buying an additional 108 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on VMC shares. Barclays boosted their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Royal Bank of Canada boosted their target price on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research report on Wednesday. Truist Financial boosted their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Finally, Stephens restated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $305.00.

Vulcan Materials Price Performance

Shares of VMC opened at $252.68 on Friday. The firm has a market capitalization of $33.37 billion, a PE ratio of 36.89, a P/E/G ratio of 2.03 and a beta of 0.84. The stock has a 50 day simple moving average of $266.20 and a 200 day simple moving average of $261.51. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31.

Vulcan Materials (NYSE:VMC) last released its earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.76 by $0.41. The firm 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 quarter in the previous year, the business posted $1.46 EPS. Sell-side analysts predict 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 paid a $0.49 dividend. 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. This represents a $1.96 annualized dividend and a yield of 0.78%. Vulcan Materials’s payout ratio is presently 26.86%.

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.