Vulcan Materials (NYSE:VMC) Stock Holdings Lifted by Mizuho Securities USA LLC

Mizuho Securities USA LLC boosted its stake in Vulcan Materials (NYSE:VMC - Free Report) by 46.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,516 shares of the construction company's stock after purchasing an additional 3,953 shares during the period. Mizuho Securities USA LLC's holdings in Vulcan Materials were worth $3,219,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geneos Wealth Management Inc. lifted its holdings in Vulcan Materials by 16.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company's stock worth $65,000 after buying an additional 36 shares in the last quarter. Howard Capital Management Inc. increased its position in shares of Vulcan Materials by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company's stock worth $233,000 after acquiring an additional 45 shares during the last quarter. Washington Trust Advisors Inc. lifted its stake in shares of Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company's stock worth $54,000 after acquiring an additional 48 shares in the last quarter. Sound View Wealth Advisors Group LLC boosted its holdings in Vulcan Materials by 4.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company's stock valued at $301,000 after purchasing an additional 48 shares during the last quarter. Finally, New York Life Investment Management LLC grew its stake in Vulcan Materials by 0.3% during the 4th quarter. New York Life Investment Management LLC now owns 19,618 shares of the construction company's stock valued at $5,046,000 after purchasing an additional 55 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

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Vulcan Materials Price Performance

NYSE:VMC traded up $0.99 during midday trading on Thursday, hitting $238.05. 949,904 shares of the stock were exchanged, compared to its average volume of 825,091. The company has a market capitalization of $31.45 billion, a price-to-earnings ratio of 34.75, a P/E/G 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. Vulcan Materials has a one year low of $215.08 and a one year high of $298.31. The business has a 50-day moving average price of $255.29 and a two-hundred day moving average price of $260.56.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced 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 business had revenue of $1.85 billion during the quarter, compared to analyst estimates 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 firm posted $1.46 earnings per share. Sell-side analysts predict that Vulcan Materials will post 8.69 EPS for the current 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 issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.82%. This is a boost from Vulcan Materials's previous quarterly dividend of $0.46. Vulcan Materials's dividend payout ratio is currently 28.61%.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a "neutral" rating to an "overweight" rating and reduced their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Seaport Res Ptn upgraded Vulcan Materials to a "strong-buy" rating in a research note on Friday, March 21st. Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $286.00 and gave the company a "sector perform" rating in a report on Wednesday, February 19th. Raymond James reduced their target price on Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a report on Thursday, January 16th. Finally, Morgan Stanley boosted their price target on Vulcan Materials from $295.00 to $300.00 and gave the company an "equal weight" rating in a report on Monday, February 24th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $302.67.

About Vulcan Materials

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.