TD Private Client Wealth LLC Has $460,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

TD Private Client Wealth LLC reduced its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 83.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,790 shares of the construction company's stock after selling 8,870 shares during the quarter. TD Private Client Wealth LLC's holdings in Vulcan Materials were worth $460,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VMC. SBI Securities Co. Ltd. bought a new stake in Vulcan Materials during the fourth quarter worth approximately $31,000. Generali Asset Management SPA SGR acquired a new position in shares of Vulcan Materials in the 4th quarter valued at about $32,000. UMB Bank n.a. boosted its holdings 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 worth $48,000 after purchasing an additional 108 shares during the period. Washington Trust Advisors Inc. grew its holdings in shares of Vulcan Materials by 30.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock valued at $54,000 after acquiring an additional 48 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth about $57,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded down $4.64 during midday trading on Friday, reaching $232.90. The company's stock had a trading volume of 1,009,763 shares, compared to its average volume of 870,974. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The company has a market capitalization of $30.77 billion, a P/E ratio of 34.00, a P/E/G ratio of 2.03 and a beta of 0.80. Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31. The business's fifty day simple moving average is $254.67 and its 200-day simple moving average is $260.41.

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Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.76 by $0.41. The firm 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 quarter in the prior year, the business earned $1.46 EPS. As a group, equities research analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's dividend payout ratio is 28.61%.

Analyst Ratings Changes

VMC has been the subject of a number of recent research reports. Royal Bank of Canada upped their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 19th. Seaport Res Ptn upgraded shares of Vulcan Materials to a "strong-buy" rating in a report on Friday, March 21st. Stephens reaffirmed an "overweight" rating and issued a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Citigroup dropped their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley lifted their price objective on Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $302.67.

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.