RD Lewis Holdings Inc. Takes Position in Vulcan Materials (NYSE:VMC)

RD Lewis Holdings Inc. acquired a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,660 shares of the construction company's stock, valued at approximately $999,000.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in shares of Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock worth $1,332,431,000 after buying an additional 884,580 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Vulcan Materials by 28,529.4% in the 4th quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company's stock valued at $134,694,000 after purchasing an additional 521,802 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Vulcan Materials in the 4th quarter valued at about $74,760,000. HighTower Advisors LLC lifted its stake in Vulcan Materials by 125.0% in the 4th quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company's stock valued at $86,425,000 after purchasing an additional 186,641 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Vulcan Materials by 32.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company's stock valued at $184,353,000 after purchasing an additional 178,634 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company's stock.

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Analyst Ratings Changes

VMC has been the topic of several recent research reports. Stifel Nicolaus initiated coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $287.00 target price on the stock. Stephens reiterated an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Citigroup decreased 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 note on Monday, January 6th. 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 report on Thursday, January 16th. Finally, JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and decreased their target price for the stock from $290.00 to $285.00 in a research report on Wednesday. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat.com, Vulcan Materials currently has an average rating of "Moderate Buy" and a consensus target price of $302.67.

Vulcan Materials Stock Performance

VMC stock traded down $4.17 during midday trading on Friday, reaching $234.55. The stock had a trading volume of 2,063,049 shares, compared to its average volume of 821,845. The firm has a fifty day simple moving average of $256.58 and a two-hundred day simple moving average of $260.27. The stock has a market cap of $30.99 billion, a PE ratio of 34.24, a P/E/G ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 52-week low of $215.08 and a 52-week 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.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data 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. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter last year, the business posted $1.46 EPS. As a group, equities research analysts anticipate that Vulcan Materials will post 8.69 EPS for the current 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 $0.49 dividend. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.84%. Vulcan Materials's payout ratio is presently 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.