Invesco Ltd. Increases Stake in Vulcan Materials (NYSE:VMC)

Invesco Ltd. boosted its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 9.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,163,900 shares of the construction company's stock after purchasing an additional 96,724 shares during the quarter. Invesco Ltd. owned 0.88% of Vulcan Materials worth $299,390,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Vulcan Materials in the 4th quarter valued at approximately $380,369,000. Principal Financial Group Inc. raised its position in Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after purchasing an additional 884,580 shares in the last quarter. Proficio Capital Partners LLC lifted its stake in Vulcan Materials by 28,529.4% during the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock worth $134,694,000 after purchasing an additional 521,802 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Vulcan Materials during the fourth quarter worth $74,760,000. Finally, HighTower Advisors LLC increased its stake in shares of Vulcan Materials by 125.0% in the 4th quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company's stock valued at $86,425,000 after purchasing an additional 186,641 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Trading Up 0.3 %

Shares of Vulcan Materials stock traded up $0.62 during midday trading on Tuesday, reaching $244.10. 389,298 shares of the company's stock traded hands, compared to its average volume of 921,277. The stock has a 50 day moving average of $243.83 and a 200-day moving average of $259.64. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31. The company has a market cap of $32.29 billion, a PE ratio of 35.67, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83.

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Vulcan Materials (NYSE:VMC - Get Free Report) last posted its earnings results 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 net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.85 billion during the quarter, compared to analysts' expectations of $1.81 billion. During the same period last year, the company posted $1.46 EPS. As a group, equities analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.80%. Vulcan Materials's dividend payout ratio is 28.61%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Stephens restated an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Loop Capital decreased their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a report on Tuesday, April 1st. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Citigroup reiterated a "buy" rating on shares of Vulcan Materials in a report on Monday, March 24th. Finally, Morgan Stanley raised their price objective on Vulcan Materials from $295.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Four equities 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $298.00.

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.