Magnetar Financial LLC Increases Stock Holdings in Vulcan Materials (NYSE:VMC)

Magnetar Financial LLC increased its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 86.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,493 shares of the construction company's stock after acquiring an additional 5,796 shares during the period. Magnetar Financial LLC's holdings in Vulcan Materials were worth $3,214,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Vulcan Materials in the fourth quarter worth approximately $31,000. Generali Asset Management SPA SGR purchased a new stake in Vulcan Materials in the 4th quarter valued at $32,000. UMB Bank n.a. lifted its stake in Vulcan Materials by 138.5% during the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock valued at $48,000 after acquiring an additional 108 shares in the last quarter. Washington Trust Advisors Inc. boosted its holdings in Vulcan Materials by 30.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after acquiring an additional 48 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in Vulcan Materials during the 3rd quarter worth $57,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Performance

NYSE VMC traded up $0.14 during trading on Tuesday, hitting $240.95. 689,882 shares of the company's stock traded hands, compared to its average volume of 822,792. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The stock has a market capitalization of $31.83 billion, a price-to-earnings ratio of 35.18, a PEG ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.31. The business has a 50 day moving average of $256.29 and a 200-day moving average of $260.66.

Remove Ads

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating analysts' consensus estimates of $1.76 by $0.41. The company 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 prior year, the company posted $1.46 EPS. As a group, equities research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.49 dividend. This is a positive change 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 0.81%. The ex-dividend date was Monday, March 10th. Vulcan Materials's dividend payout ratio (DPR) is presently 28.61%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Stifel Nicolaus started coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $287.00 price target on the stock. Royal Bank of Canada boosted their target price on Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. raised Vulcan Materials from a "neutral" rating to an "overweight" rating and reduced their target price for the company from $290.00 to $285.00 in a report on Wednesday, March 19th. Citigroup dropped their price target on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Finally, Stephens reaffirmed an "overweight" rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $302.67.

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.