Corient Private Wealth LLC Decreases Stock Position in Vulcan Materials (NYSE:VMC)

Corient Private Wealth LLC lessened its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 16.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,125 shares of the construction company's stock after selling 6,725 shares during the period. Corient Private Wealth LLC's holdings in Vulcan Materials were worth $8,521,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Virtu Financial LLC purchased a new stake in Vulcan Materials during the third quarter valued at approximately $811,000. DAVENPORT & Co LLC raised its holdings in Vulcan Materials by 149.4% during the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock valued at $2,416,000 after buying an additional 5,627 shares during the period. Smith Group Asset Management LLC bought a new stake in Vulcan Materials in the fourth quarter worth $514,000. Campbell Newman Asset Management Inc. bought a new stake in Vulcan Materials in the fourth quarter worth $15,719,000. Finally, Franklin Resources Inc. boosted its stake in Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company's stock worth $11,104,000 after buying an additional 33,051 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Up 0.1 %

Vulcan Materials stock traded up $0.14 during midday trading on Tuesday, hitting $240.95. 689,862 shares of the company's stock were exchanged, compared to its average volume of 822,792. 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 company has a market cap of $31.83 billion, a PE ratio of 35.18, a P/E/G ratio of 2.03 and a beta of 0.80. The firm has a 50-day moving average of $256.29 and a two-hundred day moving average of $260.66. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31.

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Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.41. The company had revenue of $1.85 billion during 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 quarter in the previous year, the firm posted $1.46 earnings per share. As a group, analysts expect that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.49 per share. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date was Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.81%. Vulcan Materials's dividend payout ratio is presently 28.61%.

Wall Street Analysts Forecast Growth

VMC has been the subject of several analyst reports. Raymond James lowered their target price 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. JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $290.00 to $285.00 in a research note on Wednesday, March 19th. Stephens restated an "overweight" rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Citigroup cut their target price on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. Finally, Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and an average target price of $302.67.

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.