NEOS Investment Management LLC Buys 6,284 Shares of Vulcan Materials (NYSE:VMC)

NEOS Investment Management LLC raised its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 27.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,521 shares of the construction company's stock after purchasing an additional 6,284 shares during the period. NEOS Investment Management LLC's holdings in Vulcan Materials were worth $7,594,000 at the end of the most recent reporting period.

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

Vulcan Materials Stock Down 2.0 %

NYSE:VMC traded down $4.64 on Friday, reaching $232.90. 1,009,763 shares of the stock traded hands, compared to its average volume of 870,974. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $30.81 billion, a price-to-earnings ratio of 34.00, 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 company's fifty day simple moving average is $253.92 and its 200 day simple moving average is $260.61.

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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 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 during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the firm earned $1.46 earnings per share. Equities analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.49 dividend. The ex-dividend date was Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.84%. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's payout ratio is currently 28.61%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Stephens restated an "overweight" rating and issued a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Morgan Stanley upped their price target 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. Citigroup lowered their price objective on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a research report on Monday, January 6th. Finally, Stifel Nicolaus began coverage on shares of Vulcan Materials in a research report on Tuesday, March 4th. They issued a "buy" rating and a $287.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $302.67.

About Vulcan Materials

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.