Callan Family Office LLC Purchases Shares of 2,082 Vulcan Materials (NYSE:VMC)

Callan Family Office LLC purchased a new stake in Vulcan Materials (NYSE:VMC - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,082 shares of the construction company's stock, valued at approximately $536,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in Vulcan Materials in the 3rd quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Vulcan Materials during the fourth quarter worth $31,000. Washington Trust Advisors Inc. lifted its stake in shares of Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock valued at $40,000 after acquiring an additional 113 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Vulcan Materials during the 3rd quarter valued at $42,000. Finally, UMB Bank n.a. boosted its holdings in shares of Vulcan Materials by 138.5% during the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Down 0.8 %

Shares of NYSE:VMC traded down $1.78 during midday trading on Thursday, reaching $225.39. The company's stock had a trading volume of 1,599,998 shares, compared to its average volume of 988,109. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week 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 firm has a 50 day moving average price of $259.40 and a two-hundred day moving average price of $260.80. The firm has a market capitalization of $29.78 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.03 and a beta of 0.80.

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 the consensus estimate of $1.76 by $0.41. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same period in the previous year, the firm earned $1.46 earnings per share. As a group, analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current year.

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 dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.87%. Vulcan Materials's dividend payout ratio is currently 28.61%.

Wall Street Analyst Weigh In

Several research firms have commented on VMC. Stephens reiterated an "overweight" rating and issued a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Royal Bank of Canada raised their price objective 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. Stifel Nicolaus initiated coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $287.00 target price on the stock. JPMorgan Chase & Co. raised their price target 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. Finally, Citigroup cut their price target 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. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $303.08.

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.