Mutual of America Capital Management LLC Sells 710 Shares of Vulcan Materials (NYSE:VMC)

Mutual of America Capital Management LLC trimmed its stake in Vulcan Materials (NYSE:VMC) by 3.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 18,737 shares of the construction company’s stock after selling 710 shares during the period. Mutual of America Capital Management LLC’s holdings in Vulcan Materials were worth $4,820,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of VMC. Chicago Partners Investment Group LLC bought a new stake in Vulcan Materials in the third quarter worth $216,000. Janney Montgomery Scott LLC raised its stake in shares of Vulcan Materials by 2.7% in the third quarter. Janney Montgomery Scott LLC now owns 53,087 shares of the construction company’s stock valued at $13,295,000 after acquiring an additional 1,373 shares during the period. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after acquiring an additional 884,580 shares during the period. Valley Brook Capital Group Inc. boosted its stake in shares of Vulcan Materials by 5.1% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after purchasing an additional 50 shares during the period. Finally, Capital Performance Advisors LLP purchased a new position in shares of Vulcan Materials during the 3rd quarter worth about $42,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 2.1 %

NYSE VMC opened at $234.80 on Wednesday. Vulcan Materials has a one year low of $225.36 and a one year high of $298.31. 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 company has a market capitalization of $31.02 billion, a price-to-earnings ratio of 34.28, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company’s 50-day simple moving average is $263.26 and its two-hundred day simple moving average is $261.72.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.41. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same period last year, the firm earned $1.46 earnings per share. Equities analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.83%. Vulcan Materials’s dividend payout ratio (DPR) is currently 28.61%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective on the stock. Citigroup decreased their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Stifel Nicolaus started coverage on Vulcan Materials in a research report on Tuesday. They issued a “buy” rating and a $287.00 price objective on the stock. Royal Bank of Canada increased their target price on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average target price of $303.08.

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.