Grantham Mayo Van Otterloo & Co. LLC Purchases Shares of 10,289 Vulcan Materials (NYSE:VMC)

Grantham Mayo Van Otterloo & Co. LLC bought a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 10,289 shares of the construction company's stock, valued at approximately $2,647,000.

Several other institutional investors also recently bought and sold shares of VMC. Geneos Wealth Management Inc. raised its stake in Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock valued at $65,000 after buying an additional 36 shares during the last quarter. Howard Capital Management Inc. increased its holdings in shares of Vulcan Materials by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock valued at $233,000 after acquiring an additional 45 shares in the last quarter. Washington Trust Advisors Inc. raised its position 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 valued at $54,000 after purchasing an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its stake in Vulcan Materials by 4.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock worth $301,000 after purchasing an additional 48 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in Vulcan Materials by 5.6% during the 4th quarter. Wellington Management Group LLP now owns 969 shares of the construction company's stock worth $249,000 after purchasing an additional 51 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

VMC has been the subject of a number of research analyst reports. Morgan Stanley raised their price target on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Loop Capital cut their price objective on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $290.00 to $285.00 in a report on Wednesday, March 19th. Finally, Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Four research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $298.00.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded up $6.71 during midday trading on Friday, reaching $242.29. 1,636,343 shares of the company's stock traded hands, compared to its average volume of 922,540. The company has a market cap of $32.05 billion, a P/E ratio of 35.37, a PEG ratio of 2.03 and a beta of 0.80. The company has a fifty day simple moving average of $244.44 and a two-hundred day simple moving average of $259.69. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results 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 return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same quarter in the prior year, the firm earned $1.46 earnings per share. Equities analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders 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 annualized dividend and a dividend yield of 0.81%. Vulcan Materials's payout ratio is presently 28.61%.

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.