Korea Investment CORP Purchases 43,004 Shares of Vulcan Materials (NYSE:VMC)

Korea Investment CORP grew its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 77.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,750 shares of the construction company's stock after acquiring an additional 43,004 shares during the period. Korea Investment CORP owned about 0.07% of Vulcan Materials worth $25,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Murphy & Mullick Capital Management Corp purchased a new position in shares of Vulcan Materials during the 4th quarter valued at about $30,000. SBI Securities Co. Ltd. purchased a new position in Vulcan Materials during the fourth quarter valued at approximately $31,000. Generali Asset Management SPA SGR purchased a new position in Vulcan Materials during the fourth quarter valued at approximately $32,000. UMB Bank n.a. boosted its position in shares of Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after purchasing an additional 108 shares during the period. Finally, Washington Trust Advisors Inc. boosted its holdings in Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after buying an additional 48 shares during the period. 90.39% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on VMC shares. Morgan Stanley upped their price objective on Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Raymond James lowered their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a report on Thursday, January 16th. Loop Capital reduced their price objective on Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday. Finally, Stephens reaffirmed an "overweight" rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Three research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and a consensus target price of $305.58.

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Vulcan Materials Trading Up 0.9 %

Shares of NYSE VMC traded up $2.20 during mid-day trading on Tuesday, reaching $235.50. The company had a trading volume of 476,728 shares, compared to its average volume of 1,009,471. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The stock has a market cap of $31.15 billion, a price-to-earnings ratio of 34.38, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The business's 50-day moving average is $253.19 and its 200-day moving average is $260.78. 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 earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (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 company had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the business earned $1.46 EPS. Equities analysts expect that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.49 dividend. 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 yield of 0.83%. Vulcan Materials's payout ratio is 28.61%.

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.