UniSuper Management Pty Ltd Purchases 1,716 Shares of Vulcan Materials (NYSE:VMC)

UniSuper Management Pty Ltd increased its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,801 shares of the construction company's stock after acquiring an additional 1,716 shares during the period. UniSuper Management Pty Ltd's holdings in Vulcan Materials were worth $3,036,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp purchased a new position in shares of Vulcan Materials during the 4th quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials during the fourth quarter valued at $31,000. Generali Asset Management SPA SGR acquired a new stake in Vulcan Materials during the fourth quarter valued at $32,000. UMB Bank n.a. grew its stake in Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock valued at $48,000 after purchasing an additional 108 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its position in Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after purchasing an additional 48 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

NYSE:VMC traded down $8.10 during mid-day trading on Thursday, hitting $232.00. 366,059 shares of the company's stock traded hands, compared to its average volume of 1,001,396. The firm has a market capitalization of $30.69 billion, a price-to-earnings ratio of 33.87, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The firm has a 50 day moving average of $251.73 and a two-hundred day moving average of $260.64. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31.

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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 for the quarter, beating the consensus estimate of $1.76 by $0.41. The company had revenue of $1.85 billion during the quarter, compared to analysts' expectations 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 in the prior year, the business earned $1.46 earnings per share. On average, equities analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.84%. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials's dividend payout ratio (DPR) is currently 28.61%.

Analysts Set New Price Targets

VMC has been the subject of several recent research reports. Seaport Res Ptn raised Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Stephens reissued an "overweight" rating and issued a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Royal Bank of Canada raised their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a report on Wednesday, February 19th. Morgan Stanley upped their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Monday, February 24th. Finally, Citigroup reissued a "buy" rating on shares of Vulcan Materials in a research report on Monday, March 24th. Three equities research 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. According to data from MarketBeat, Vulcan Materials presently has an average rating of "Moderate Buy" and an average price target of $305.58.

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.