one8zero8 LLC Makes New Investment in Vulcan Materials (NYSE:VMC)

one8zero8 LLC bought a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,750 shares of the construction company's stock, valued at approximately $450,000.

A number of other institutional investors also recently modified their holdings of VMC. Principal Financial Group Inc. boosted its position in shares of Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after acquiring an additional 884,580 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Vulcan Materials by 28,529.4% in the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock valued at $134,694,000 after acquiring an additional 521,802 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Vulcan Materials in the fourth quarter valued at about $74,760,000. HighTower Advisors LLC boosted its position in shares of Vulcan Materials by 125.0% in the fourth quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company's stock valued at $86,425,000 after acquiring an additional 186,641 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Vulcan Materials by 32.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock worth $184,353,000 after purchasing an additional 178,634 shares during the period. Institutional investors own 90.39% of the company's stock.

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Analyst Ratings Changes

VMC has been the subject of several recent analyst reports. Citigroup cut their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and cut their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday. Raymond James cut their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a research report on Thursday, January 16th. Stephens reaffirmed an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada upped their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $302.67.

Vulcan Materials Trading Down 1.0 %

Shares of Vulcan Materials stock traded down $2.45 on Thursday, hitting $238.66. The stock had a trading volume of 1,203,615 shares, compared to its average volume of 819,390. The stock has a 50 day moving average of $257.26 and a 200 day moving average of $260.50. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. 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 firm has a market capitalization of $31.53 billion, a P/E ratio of 34.84, a PEG ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same quarter in the prior year, the firm posted $1.46 EPS. Sell-side analysts expect that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced 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 0.82%. The ex-dividend date is Monday, March 10th. This is an increase from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's dividend 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.