Chevy Chase Trust Holdings LLC Sells 1,500 Shares of Vulcan Materials (NYSE:VMC)

Chevy Chase Trust Holdings LLC lessened its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 2.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 69,965 shares of the construction company's stock after selling 1,500 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of Vulcan Materials worth $17,997,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Principal Financial Group Inc. lifted its position in shares of Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after acquiring an additional 884,580 shares during the period. State Street Corp raised its holdings in Vulcan Materials by 1.2% during the third quarter. State Street Corp now owns 5,281,102 shares of the construction company's stock worth $1,322,546,000 after buying an additional 65,163 shares during the last quarter. FMR LLC raised its holdings in Vulcan Materials by 2.2% during the third quarter. FMR LLC now owns 3,660,931 shares of the construction company's stock worth $916,807,000 after buying an additional 78,271 shares during the last quarter. Geode Capital Management LLC raised its holdings in Vulcan Materials by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company's stock worth $826,644,000 after buying an additional 33,061 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock worth $533,551,000 after buying an additional 330,433 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on VMC shares. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. UBS Group initiated coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 target price for the company. Royal Bank of Canada upped their target price on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research note on Wednesday. Citigroup reduced their target price 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. Finally, StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $303.82.

Vulcan Materials Stock Performance

Shares of VMC traded down $7.92 during trading hours on Wednesday, hitting $264.84. The company's stock had a trading volume of 987,554 shares, compared to its average volume of 735,108. The business has a 50 day simple moving average of $267.35 and a two-hundred day simple moving average of $261.43. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31. The company has a market cap of $34.98 billion, a price-to-earnings ratio of 41.77, a PEG ratio of 2.09 and a beta of 0.84.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period last year, the business earned $1.46 earnings per share. On average, equities analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given 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 dividend yield of 0.74%. The ex-dividend date is Monday, March 10th. Vulcan Materials's dividend payout ratio (DPR) is 29.02%.

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.