New Age Alpha Advisors LLC Buys New Position in Vulcan Materials (NYSE:VMC)

New Age Alpha Advisors LLC bought a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 41,886 shares of the construction company's stock, valued at approximately $10,774,000.

Several other hedge funds have also modified their holdings of the business. Geneos Wealth Management Inc. lifted its holdings in Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock valued at $65,000 after acquiring an additional 36 shares during the period. Howard Capital Management Inc. lifted its stake in shares of Vulcan Materials by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock valued at $233,000 after purchasing an additional 45 shares during the period. Washington Trust Advisors Inc. boosted its holdings in Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after buying an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its position in Vulcan Materials by 4.3% during the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock worth $301,000 after buying an additional 48 shares during the period. Finally, New York Life Investment Management LLC increased its holdings in Vulcan Materials by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 19,618 shares of the construction company's stock valued at $5,046,000 after buying an additional 55 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James decreased their price target on Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a research note on Thursday, January 16th. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research report on Friday, March 21st. Stephens restated an "overweight" rating and issued a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Finally, Loop Capital lowered their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a "buy" rating on the stock in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $305.58.

Vulcan Materials Trading Up 0.9 %

VMC stock traded up $2.15 during midday trading on Tuesday, hitting $235.45. The stock had a trading volume of 216,514 shares, compared to its average volume of 870,880. The company's 50-day moving average price is $253.19 and its 200 day moving average price is $260.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The firm has a market cap of $31.14 billion, a PE ratio of 34.44, a price-to-earnings-growth 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.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same quarter in the previous year, the business earned $1.46 earnings per share. On average, equities research analysts predict that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.49 dividend. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, March 10th. Vulcan Materials's payout ratio is currently 28.61%.

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.