Vulcan Materials (NYSE:VMC) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 11.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,015 shares of the construction company's stock after buying an additional 2,839 shares during the period. Sanctuary Advisors LLC's holdings in Vulcan Materials were worth $7,742,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Creative Planning increased its stake in Vulcan Materials by 2.3% during the third quarter. Creative Planning now owns 14,238 shares of the construction company's stock worth $3,566,000 after acquiring an additional 318 shares during the last quarter. Blue Trust Inc. increased its position in shares of Vulcan Materials by 134.9% during the 3rd quarter. Blue Trust Inc. now owns 538 shares of the construction company's stock valued at $134,000 after purchasing an additional 309 shares during the last quarter. OLD National Bancorp IN bought a new position in shares of Vulcan Materials during the 3rd quarter valued at approximately $208,000. Copeland Capital Management LLC purchased a new stake in Vulcan Materials during the 3rd quarter valued at $891,000. Finally, Sequoia Financial Advisors LLC lifted its position in Vulcan Materials by 2.3% in the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock worth $498,000 after buying an additional 44 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Stock Down 2.5 %

Shares of NYSE VMC traded down $6.49 during midday trading on Friday, reaching $252.11. 269,600 shares of the company's stock traded hands, compared to its average volume of 723,013. The company has a market cap of $33.29 billion, a price-to-earnings ratio of 36.72, a P/E/G ratio of 2.05 and a beta of 0.84. Vulcan Materials has a one year low of $225.36 and a one year high of $298.31. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The stock's 50 day simple moving average is $266.66 and its 200-day simple moving average is $261.44.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced 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. The business had revenue of $1.85 billion for 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 period last year, the business posted $1.46 EPS. On average, analysts predict that Vulcan Materials will post 8.8 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.78%. 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. Vulcan Materials's dividend payout ratio is presently 28.61%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on VMC shares. Raymond James reduced their target price 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. Truist Financial increased their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Stephens restated an "overweight" rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lifted their target price on Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a research report on Wednesday. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, Vulcan Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $305.00.

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.