Legato Capital Management LLC Acquires Shares of 2,890 Vulcan Materials (NYSE:VMC)

Legato Capital Management LLC acquired a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 2,890 shares of the construction company's stock, valued at approximately $743,000.

Other institutional investors also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in shares of Vulcan Materials by 16.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock valued at $65,000 after purchasing an additional 36 shares during the last quarter. United Asset Strategies Inc. lifted its position in shares of Vulcan Materials by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company's stock worth $938,000 after buying an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Vulcan Materials by 2.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock worth $498,000 after acquiring an additional 44 shares in the last quarter. Golden State Equity Partners increased its holdings in shares of Vulcan Materials by 4.5% during the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company's stock valued at $275,000 after acquiring an additional 47 shares during the last quarter. Finally, Valley Brook Capital Group Inc. raised its stake in shares of Vulcan Materials by 5.1% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company's stock valued at $257,000 after acquiring an additional 50 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Trading Up 0.5 %

Vulcan Materials stock traded up $1.25 during mid-day trading on Monday, hitting $270.58. 927,825 shares of the company's stock were exchanged, compared to its average volume of 647,540. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $35.73 billion, a P/E ratio of 42.68, a PEG ratio of 2.14 and a beta of 0.84. The company's 50 day simple moving average is $267.64 and its 200-day simple moving average is $261.40.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.49 dividend. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials's dividend payout ratio is presently 29.02%.

Analysts Set New Price Targets

VMC has been the topic of a number of research analyst reports. UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price on the stock. Raymond James reduced their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a report on Thursday, January 16th. Citigroup dropped their price objective 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. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Truist Financial lifted 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. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $301.18.

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.