Rhumbline Advisers Has $63.62 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Rhumbline Advisers lowered its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 1.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 247,332 shares of the construction company's stock after selling 2,833 shares during the quarter. Rhumbline Advisers owned 0.19% of Vulcan Materials worth $63,621,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials in the third quarter worth $30,000. Concord Wealth Partners acquired a new stake in Vulcan Materials in the 3rd quarter worth $35,000. Washington Trust Advisors Inc. increased its holdings in shares of Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock worth $40,000 after purchasing an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials during the third quarter valued at about $42,000. Finally, UMB Bank n.a. raised its position in shares of Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock valued at $48,000 after buying an additional 108 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock traded down $6.33 during mid-day trading on Thursday, reaching $258.64. 708,821 shares of the stock were exchanged, compared to its average volume of 737,634. Vulcan Materials has a fifty-two week low of $225.36 and a fifty-two week high of $298.31. The company has a market cap of $34.16 billion, a price-to-earnings ratio of 37.76, a price-to-earnings-growth ratio of 2.11 and a beta of 0.84. The firm has a 50-day simple moving average of $267.05 and a 200 day simple moving average of $261.46. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 13.01%. The firm had revenue of $1.85 billion for the quarter, compared to analysts' expectations of $1.81 billion. During the same period in the prior year, the firm earned $1.46 earnings per share. On average, sell-side analysts predict that Vulcan Materials will post 8.83 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed 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 an increase 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 annualized dividend and a yield of 0.76%. Vulcan Materials's payout ratio is presently 26.86%.

Analyst Ratings Changes

Several brokerages recently issued reports on VMC. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $349.00 price target on the stock. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Truist Financial upped their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Raymond James decreased their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a research note on Thursday, January 16th. Finally, Stephens reissued an "overweight" rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of "Moderate Buy" and an average target price of $303.82.

Vulcan Materials Company 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.