Keybank National Association OH Has $44.14 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Keybank National Association OH decreased its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 171,580 shares of the construction company's stock after selling 104,341 shares during the quarter. Keybank National Association OH owned 0.13% of Vulcan Materials worth $44,136,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of VMC. Principal Financial Group Inc. boosted its stake in Vulcan Materials by 19.9% during the 3rd 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 boosted its holdings 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 buying an additional 521,802 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Vulcan Materials by 32.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock valued at $184,353,000 after buying an additional 178,634 shares in the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Vulcan Materials by 67.9% during the fourth quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company's stock valued at $103,434,000 after purchasing an additional 162,567 shares during the last quarter. Finally, Stockbridge Partners LLC lifted its stake in Vulcan Materials by 9.6% during the third quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company's stock valued at $392,815,000 after buying an additional 137,365 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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Vulcan Materials Stock Performance

Vulcan Materials stock traded down $13.70 during mid-day trading on Friday, reaching $221.47. The company had a trading volume of 3,778,923 shares, compared to its average volume of 887,214. The company has a 50 day moving average of $262.19 and a 200-day moving average of $261.38. The firm has a market cap of $29.26 billion, a price-to-earnings ratio of 32.33, a PEG ratio of 2.03 and a beta of 0.80. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 52 week low of $218.71 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued 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 return on equity of 12.83% and a net margin of 12.30%. 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 business earned $1.46 earnings per share. On average, sell-side analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.49 dividend. The ex-dividend date is Monday, March 10th. This is a boost 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 0.89%. Vulcan Materials's dividend payout ratio is presently 28.61%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on VMC shares. Citigroup cut their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Stifel Nicolaus initiated coverage on Vulcan Materials in a research note on Tuesday. They issued a "buy" rating and a $287.00 target price on the stock. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 price target for the company. Finally, Royal Bank of Canada upped their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 19th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $303.08.

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.