Stephens Inc. AR Has $884,000 Position in Vulcan Materials (NYSE:VMC)

Stephens Inc. AR lowered its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 23.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,437 shares of the construction company's stock after selling 1,033 shares during the quarter. Stephens Inc. AR's holdings in Vulcan Materials were worth $884,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Empowered Funds LLC lifted its position in Vulcan Materials by 14.2% during the 4th quarter. Empowered Funds LLC now owns 3,005 shares of the construction company's stock worth $773,000 after buying an additional 374 shares in the last quarter. Apollon Wealth Management LLC raised its holdings in Vulcan Materials by 32.5% during the fourth quarter. Apollon Wealth Management LLC now owns 1,159 shares of the construction company's stock worth $298,000 after acquiring an additional 284 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in Vulcan Materials during the fourth quarter valued at approximately $202,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Vulcan Materials by 29.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,640 shares of the construction company's stock valued at $5,309,000 after purchasing an additional 4,664 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Vulcan Materials by 1.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 294,010 shares of the construction company's stock worth $75,628,000 after purchasing an additional 3,959 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on VMC shares. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. JPMorgan Chase & Co. upped their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. UBS Group started coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $349.00 target price for the company. Truist Financial increased their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Finally, 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. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Vulcan Materials currently has an average rating of "Moderate Buy" and an average target price of $301.18.

Vulcan Materials Price Performance

NYSE VMC traded up $1.25 during midday trading on Monday, hitting $270.58. The company had a trading volume of 927,825 shares, compared to its average volume of 647,540. The firm has a 50-day moving average price of $267.64 and a 200-day moving average price of $261.40. The company has a market capitalization of $35.73 billion, a PE ratio of 42.68, a P/E/G ratio of 2.14 and a beta of 0.84. 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 has a twelve month low of $225.36 and a twelve month high of $298.31.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 0.72%. This is an increase from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's dividend payout ratio is presently 29.02%.

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.