Wealthspire Advisors LLC Increases Holdings in Vulcan Materials (NYSE:VMC)

Wealthspire Advisors LLC grew its holdings in Vulcan Materials (NYSE:VMC) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,708 shares of the construction company’s stock after acquiring an additional 204 shares during the period. Wealthspire Advisors LLC’s holdings in Vulcan Materials were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Vulcan Materials in the third quarter valued at about $30,000. Washington Trust Advisors Inc. lifted its position in shares of Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after acquiring an additional 113 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Vulcan Materials in the third quarter worth about $42,000. UMB Bank n.a. lifted its position in shares of Vulcan Materials by 138.5% in 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, FSA Wealth Management LLC purchased a new stake in shares of Vulcan Materials in the third quarter worth about $57,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Trading Up 0.2 %

Shares of NYSE VMC opened at $250.36 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The business’s 50 day moving average price is $264.94 and its 200-day moving average price is $261.65. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31. The company has a market cap of $33.06 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $1.46 earnings per share. On average, sell-side analysts expect that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.49 dividend. 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. The ex-dividend date of this dividend is Monday, March 10th. Vulcan Materials’s dividend payout ratio is presently 28.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. Morgan Stanley boosted their target price on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday. 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, February 19th. Citigroup decreased their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, Stephens reiterated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $304.55.

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.