Vulcan Materials (NYSE:VMC) Stock Holdings Lifted by Jessup Wealth Management Inc

Jessup Wealth Management Inc boosted its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 23.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,994 shares of the construction company's stock after purchasing an additional 5,382 shares during the period. Vulcan Materials makes up 3.1% of Jessup Wealth Management Inc's portfolio, making the stock its 11th biggest position. Jessup Wealth Management Inc's holdings in Vulcan Materials were worth $7,201,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in VMC. Kentucky Retirement Systems Insurance Trust Fund grew its holdings in Vulcan Materials by 17.7% during the 4th quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,603 shares of the construction company's stock worth $1,184,000 after acquiring an additional 693 shares in the last quarter. Proactive Wealth Strategies LLC grew its holdings in Vulcan Materials by 0.8% during the 4th quarter. Proactive Wealth Strategies LLC now owns 11,090 shares of the construction company's stock worth $2,853,000 after acquiring an additional 88 shares in the last quarter. D.A. Davidson & CO. grew its holdings in Vulcan Materials by 63.0% during the 4th quarter. D.A. Davidson & CO. now owns 2,871 shares of the construction company's stock worth $739,000 after acquiring an additional 1,110 shares in the last quarter. Empower Advisory Group LLC grew its holdings in Vulcan Materials by 2.0% during the 4th quarter. Empower Advisory Group LLC now owns 39,894 shares of the construction company's stock worth $10,262,000 after acquiring an additional 766 shares in the last quarter. Finally, Truist Financial Corp grew its holdings in Vulcan Materials by 33.0% during the 4th quarter. Truist Financial Corp now owns 13,377 shares of the construction company's stock worth $3,441,000 after acquiring an additional 3,321 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

NYSE:VMC traded down $5.95 during mid-day trading on Friday, hitting $252.64. The stock had a trading volume of 333,810 shares, compared to its average volume of 724,956. The stock has a market capitalization of $33.36 billion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.05 and a beta of 0.84. The company has a 50 day simple moving average of $266.66 and a 200-day simple moving average of $261.44. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 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 for the quarter, beating the consensus estimate of $1.76 by $0.41. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same period last year, the firm posted $1.46 EPS. On average, research analysts expect that Vulcan Materials will post 8.8 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.49 dividend. This is an increase from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Monday, March 10th. Vulcan Materials's payout ratio is presently 28.61%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Stephens reissued an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Citigroup decreased their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a report on Monday, January 6th. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $349.00 price target for the company. Royal Bank of Canada lifted their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a report on Wednesday. Finally, JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $305.00.

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.