Argentarii LLC Purchases Shares of 2,003 Vulcan Materials (NYSE:VMC)

Argentarii LLC purchased a new stake in Vulcan Materials (NYSE:VMC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 2,003 shares of the construction company's stock, valued at approximately $515,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in shares of Vulcan Materials in the 3rd quarter worth about $30,000. SBI Securities Co. Ltd. purchased a new position in shares of Vulcan Materials during the 4th quarter worth about $31,000. Washington Trust Advisors Inc. boosted its stake in shares of Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock worth $40,000 after purchasing an additional 113 shares during the period. Capital Performance Advisors LLP purchased a new position in shares of Vulcan Materials during the 3rd quarter worth about $42,000. Finally, UMB Bank n.a. boosted its position in Vulcan Materials by 138.5% in the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock valued at $48,000 after buying an additional 108 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Trading Down 5.8 %

NYSE VMC opened at $221.47 on Friday. 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 52 week low of $218.71 and a 52 week high of $298.31. The firm has a market cap of $29.26 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The company has a 50 day moving average price of $261.37 and a 200 day moving average price of $261.33.

Remove Ads

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results 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. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the business posted $1.46 EPS. As a group, sell-side 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. Shareholders of record on Monday, March 10th will be paid a dividend of $0.49 per share. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.89%. Vulcan Materials's dividend payout ratio is presently 28.61%.

Analyst Ratings Changes

VMC has been the subject of several research reports. Royal Bank of Canada boosted their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research report on Wednesday, February 19th. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They issued a "buy" rating and a $287.00 price target for the company. Citigroup reduced their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a report on Monday, January 6th. 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. Finally, Stephens restated an "overweight" rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and a consensus 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.

Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials (NYSE:VMC - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.