Elo Mutual Pension Insurance Co Raises Holdings in Vulcan Materials (NYSE:VMC)

Elo Mutual Pension Insurance Co raised its position in Vulcan Materials (NYSE:VMC - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,822 shares of the construction company's stock after buying an additional 1,147 shares during the quarter. Elo Mutual Pension Insurance Co's holdings in Vulcan Materials were worth $3,298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Vulcan Materials in the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in shares of Vulcan Materials during the 4th quarter valued at $31,000. Generali Asset Management SPA SGR acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at about $32,000. UMB Bank n.a. increased its stake in 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 purchasing an additional 108 shares in the last quarter. Finally, Washington Trust Advisors Inc. raised its holdings 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 last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VMC has been the subject of several recent analyst reports. 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. Morgan Stanley lifted their target price on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Stifel Nicolaus started coverage on Vulcan Materials in a research report on Tuesday, March 4th. They set a "buy" rating and a $287.00 price target for the company. Royal Bank of Canada upped their price objective on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Finally, JPMorgan Chase & Co. upgraded Vulcan Materials from a "neutral" rating to an "overweight" rating and dropped their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of "Moderate Buy" and a consensus price target of $302.67.

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Vulcan Materials Price Performance

NYSE:VMC traded up $0.88 on Monday, reaching $233.82. 1,488,582 shares of the company's stock traded hands, compared to its average volume of 873,434. The stock has a 50-day simple moving average of $253.92 and a 200-day simple moving average of $260.80. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31. The firm has a market cap of $30.93 billion, a PE ratio of 34.13, a P/E/G ratio of 2.03 and a beta of 0.80. 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 (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the firm earned $1.46 EPS. Equities research analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a dividend of $0.49 per share. This is an increase from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, March 10th. Vulcan Materials's dividend payout ratio (DPR) is presently 28.61%.

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.