Larson Financial Group LLC Boosts Holdings in Vulcan Materials (NYSE:VMC)

Larson Financial Group LLC raised its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,507 shares of the construction company's stock after acquiring an additional 1,253 shares during the quarter. Larson Financial Group LLC's holdings in Vulcan Materials were worth $2,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Vulcan Materials during the 3rd quarter valued at about $811,000. DAVENPORT & Co LLC increased its holdings in Vulcan Materials by 149.4% during the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company's stock valued at $2,416,000 after acquiring an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC purchased a new position in Vulcan Materials during the 4th quarter valued at about $514,000. Campbell Newman Asset Management Inc. purchased a new position in Vulcan Materials during the 4th quarter valued at about $15,719,000. Finally, Franklin Resources Inc. increased its holdings in Vulcan Materials by 284.9% during the 3rd quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company's stock valued at $11,104,000 after acquiring an additional 33,051 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VMC has been the topic of several analyst reports. Stifel Nicolaus initiated coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They set a "buy" rating and a $287.00 price target on the stock. Morgan Stanley raised their price target on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday, February 24th. JPMorgan Chase & Co. raised their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 27th. Raymond James decreased their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a research note on Thursday, January 16th. Finally, Stephens reaffirmed an "overweight" rating and set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $303.08.

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Vulcan Materials Price Performance

VMC opened at $221.47 on Friday. The company's 50 day simple moving average is $261.37 and its 200 day simple moving average is $261.33. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a 1 year low of $218.71 and a 1 year high of $298.31. The stock has a market capitalization of $29.26 billion, a PE ratio of 32.33, a P/E/G ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating analysts' consensus estimates of $1.76 by $0.41. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations 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 in the previous year, the company posted $1.46 earnings per share. As a group, sell-side analysts expect that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.89%. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. Vulcan Materials's payout ratio is 28.61%.

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.

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