Highview Capital Management LLC DE Acquires Shares of 3,898 Vulcan Materials (NYSE:VMC)

Highview Capital Management LLC DE bought a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 3,898 shares of the construction company's stock, valued at approximately $1,003,000.

A number of other institutional investors also recently modified their holdings of VMC. Inspire Investing LLC raised its position in shares of Vulcan Materials by 7.6% during the third quarter. Inspire Investing LLC now owns 1,139 shares of the construction company's stock worth $285,000 after purchasing an additional 80 shares during the period. Exchange Traded Concepts LLC purchased a new stake in Vulcan Materials in the 3rd quarter valued at $213,000. Creative Planning raised its position in Vulcan Materials by 2.3% in the 3rd quarter. Creative Planning now owns 14,238 shares of the construction company's stock valued at $3,566,000 after buying an additional 318 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in Vulcan Materials by 1.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,976 shares of the construction company's stock valued at $4,001,000 after buying an additional 160 shares during the last quarter. Finally, V Square Quantitative Management LLC raised its position in Vulcan Materials by 40.5% in the 3rd quarter. V Square Quantitative Management LLC now owns 1,245 shares of the construction company's stock valued at $312,000 after buying an additional 359 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Citigroup decreased their target price on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Barclays raised their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Truist Financial raised their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Finally, UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a "buy" rating and a $349.00 target price for the company. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $303.82.

Vulcan Materials Price Performance

VMC stock traded down $6.33 during mid-day trading on Thursday, reaching $258.64. 708,821 shares of the company traded hands, compared to its average volume of 737,634. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The company has a market capitalization of $34.16 billion, a P/E ratio of 37.76, a P/E/G ratio of 2.11 and a beta of 0.84. Vulcan Materials has a 52-week low of $225.36 and a 52-week high of $298.31. The company has a fifty day moving average price of $267.05 and a 200-day moving average price of $261.46.

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 the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 13.01% and a net margin of 12.30%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. As a group, analysts anticipate that Vulcan Materials will post 8.83 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.49 per share. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.76%. Vulcan Materials's payout ratio is presently 26.86%.

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.