Brown Brothers Harriman & Co. Has $40.54 Million Position in Vulcan Materials (NYSE:VMC)

Brown Brothers Harriman & Co. lifted its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 157,584 shares of the construction company's stock after buying an additional 20,847 shares during the period. Brown Brothers Harriman & Co. owned approximately 0.12% of Vulcan Materials worth $40,535,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new position in shares of Vulcan Materials during the fourth quarter valued at $30,000. SBI Securities Co. Ltd. bought a new position in Vulcan Materials in the 4th quarter valued at about $31,000. Generali Asset Management SPA SGR acquired a new position in Vulcan Materials during the 4th quarter valued at about $32,000. UMB Bank n.a. lifted its stake in shares of Vulcan Materials by 138.5% in the 4th 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 period. Finally, Washington Trust Advisors Inc. lifted its stake in shares of Vulcan Materials by 30.0% in the 4th 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 period. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

VMC has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Citigroup decreased their target price 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. Royal Bank of Canada upped their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a report on Wednesday, February 19th. Raymond James lowered their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a research note on Thursday, January 16th. Finally, Morgan Stanley increased their target price on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $302.67.

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Vulcan Materials Stock Up 0.4 %

VMC traded up $0.88 on Monday, reaching $233.82. 1,488,582 shares of the company traded hands, compared to its average volume of 873,434. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The company has a market cap of $30.93 billion, a price-to-earnings ratio of 34.13, a PEG ratio of 2.03 and a beta of 0.80. The stock's 50 day moving average price is $253.92 and its 200-day moving average price is $260.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.41. The business 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 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 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.84%. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials's payout ratio is currently 28.61%.

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.