Nemes Rush Group LLC Has $160,000 Stock Position in Vulcan Materials (NYSE:VMC)

Nemes Rush Group LLC raised its holdings in Vulcan Materials (NYSE:VMC) by 319.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 621 shares of the construction company’s stock after acquiring an additional 473 shares during the period. Nemes Rush Group LLC’s holdings in Vulcan Materials were worth $160,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials in the fourth quarter valued at approximately $31,000. Generali Asset Management SPA SGR bought a new stake in shares of Vulcan Materials during the fourth quarter worth $32,000. UMB Bank n.a. increased its holdings in shares of Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after buying an additional 108 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its holdings in shares of Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock worth $54,000 after buying an additional 48 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

VMC stock opened at $237.26 on Wednesday. The firm has a market cap of $31.38 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. 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 stock has a 50-day moving average price of $252.42 and a 200-day moving average price of $260.78. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC) last issued 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $1.46 earnings per share. As a group, equities research analysts expect 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 was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a dividend of $0.49 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.83%. Vulcan Materials’s dividend payout ratio is currently 28.61%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Stifel Nicolaus assumed coverage on Vulcan Materials in a research report on Tuesday, March 4th. They set a “buy” rating and a $287.00 price objective on the stock. Raymond James lowered their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Seaport Res Ptn upgraded shares of Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Stephens reissued an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, Royal Bank of Canada raised their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 19th. Three research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $305.58.

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.