Fmr LLC Grows Position in Vulcan Materials (NYSE:VMC)

FMR LLC increased its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,660,931 shares of the construction company's stock after acquiring an additional 78,271 shares during the quarter. FMR LLC owned about 2.77% of Vulcan Materials worth $916,807,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. United Asset Strategies Inc. boosted its holdings in shares of Vulcan Materials by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company's stock valued at $938,000 after purchasing an additional 39 shares during the last quarter. Sequoia Financial Advisors LLC boosted its stake in Vulcan Materials by 2.3% during the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock valued at $498,000 after buying an additional 44 shares during the last quarter. Marcum Wealth LLC grew its holdings in Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company's stock valued at $214,000 after buying an additional 46 shares in the last quarter. UMB Bank n.a. increased its stake in Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock worth $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Golden State Equity Partners raised its holdings in shares of Vulcan Materials by 4.5% during the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company's stock worth $275,000 after acquiring an additional 47 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VMC has been the topic of several research reports. Royal Bank of Canada reduced their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Citigroup decreased their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Stephens dropped their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. Finally, Barclays increased their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $283.92.

Vulcan Materials Stock Performance

NYSE VMC traded down $2.01 on Thursday, hitting $286.39. 386,233 shares of the company's stock traded hands, compared to its average volume of 837,468. The firm has a market capitalization of $37.82 billion, a PE ratio of 45.17, a P/E/G ratio of 2.81 and a beta of 0.81. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31. The firm's 50-day moving average price is $264.56 and its two-hundred day moving average price is $255.23. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to analysts' expectations of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company's revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. As a group, analysts expect that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is presently 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.