Vulcan Materials (NYSE:VMC) Shares Bought by Assetmark Inc.

Assetmark Inc. lifted its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 6.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,017 shares of the construction company's stock after buying an additional 1,953 shares during the quarter. Assetmark Inc.'s holdings in Vulcan Materials were worth $8,236,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of Vulcan Materials in the 3rd quarter worth about $30,000. SBI Securities Co. Ltd. bought a new position in Vulcan Materials in the 4th quarter worth about $31,000. Washington Trust Advisors Inc. boosted its stake in Vulcan Materials by 240.4% in 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 in the last quarter. Capital Performance Advisors LLP bought a new position in Vulcan Materials in the 3rd quarter worth about $42,000. Finally, UMB Bank n.a. boosted its stake in Vulcan Materials by 138.5% in the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after purchasing an additional 108 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Down 5.8 %

Shares of VMC stock traded down $13.70 during trading hours on Friday, reaching $221.47. 3,778,923 shares of the company's stock were exchanged, compared to its average volume of 887,214. Vulcan Materials has a 1 year low of $218.71 and a 1 year high of $298.31. The stock has a market cap of $29.26 billion, a PE ratio of 32.33, a PEG ratio of 2.03 and a beta of 0.80. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The stock's fifty day moving average price is $261.37 and its two-hundred day moving average price is $261.33.

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Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the previous year, the firm earned $1.46 earnings per share. Research analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.49 per share. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.89%. Vulcan Materials's payout ratio is presently 28.61%.

Analyst Ratings Changes

VMC has been the topic of a number of analyst reports. Stifel Nicolaus initiated coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They issued a "buy" rating and a $287.00 price target on the stock. Royal Bank of Canada increased their target price 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. Stephens reaffirmed an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Morgan Stanley raised their price target on Vulcan Materials from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. lifted their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $303.08.

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.