3,654 Shares in Vulcan Materials (NYSE:VMC) Bought by AGF Management Ltd.

AGF Management Ltd. purchased a new stake in shares of Vulcan Materials (NYSE:VMC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,654 shares of the construction company's stock, valued at approximately $940,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials in the third quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in shares of Vulcan Materials in the fourth quarter worth about $31,000. UMB Bank n.a. raised its stake 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 acquiring an additional 108 shares during the last quarter. Washington Trust Advisors Inc. raised its stake in shares of Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after acquiring an additional 48 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Vulcan Materials in the third quarter worth about $57,000. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

VMC has been the subject of a number of research analyst reports. Raymond James dropped their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a research note on Thursday, January 16th. Morgan Stanley boosted their price target on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Citigroup dropped their price target on shares of 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 began coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They set a "buy" rating and a $287.00 price target for the company. Finally, JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $290.00 to $285.00 in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $302.67.

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Vulcan Materials Trading Up 2.1 %

NYSE VMC traded up $4.88 during trading on Wednesday, reaching $241.38. 1,137,715 shares of the stock traded hands, compared to its average volume of 819,665. The firm has a market cap of $31.89 billion, a price-to-earnings ratio of 35.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The stock's 50-day moving average price is $257.53 and its 200 day moving average price is $260.63. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.41. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same quarter in the prior year, the company earned $1.46 earnings per share. Analysts predict that Vulcan Materials will post 8.69 EPS for the current 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. This represents a $1.96 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Monday, March 10th. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's dividend payout ratio is 28.61%.

About Vulcan Materials

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.