Price T Rowe Associates Inc. MD Has $278.61 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Price T Rowe Associates Inc. MD decreased its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,083,129 shares of the construction company's stock after selling 32,884 shares during the quarter. Price T Rowe Associates Inc. MD owned about 0.82% of Vulcan Materials worth $278,614,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. increased its stake 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 purchasing an additional 884,580 shares during the period. Barclays PLC grew its holdings in Vulcan Materials by 29.0% in the 3rd quarter. Barclays PLC now owns 472,194 shares of the construction company's stock worth $118,251,000 after buying an additional 106,187 shares in the last quarter. Virtu Financial LLC acquired a new stake in Vulcan Materials in the 3rd quarter valued at approximately $811,000. Wilmington Savings Fund Society FSB acquired a new stake in Vulcan Materials in the 3rd quarter valued at approximately $671,000. Finally, Tidal Investments LLC raised its stake in Vulcan Materials by 185.0% during the 3rd quarter. Tidal Investments LLC now owns 21,661 shares of the construction company's stock valued at $5,425,000 after acquiring an additional 14,061 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VMC. Wolfe Research raised Vulcan Materials from a "peer perform" rating to an "outperform" rating in a report on Thursday, April 10th. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They set a "buy" rating and a $287.00 target price on the stock. Raymond James reduced their price target on shares of Vulcan Materials from $300.00 to $295.00 and set an "outperform" rating for the company in a research note on Tuesday. Royal Bank of Canada raised their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a research note on Wednesday, February 19th. Finally, Morgan Stanley cut their target price on Vulcan Materials from $300.00 to $273.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued 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 an average price target of $293.64.

Vulcan Materials Trading Down 0.0 %

VMC traded down $0.01 during trading on Tuesday, reaching $245.38. The company had a trading volume of 1,199,717 shares, compared to its average volume of 928,387. 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 12-month low of $215.08 and a 12-month high of $298.31. The company has a market cap of $32.46 billion, a price-to-earnings ratio of 35.82, a PEG ratio of 2.03 and a beta of 0.80. The firm's 50-day simple moving average is $238.50 and its 200 day simple moving average is $259.65.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. Equities research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's dividend payout ratio (DPR) 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.