Vontobel Holding Ltd. trimmed its position in Vulcan Materials (NYSE:VMC - Free Report) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,276,176 shares of the construction company's stock after selling 93,354 shares during the quarter. Vulcan Materials accounts for approximately 1.1% of Vontobel Holding Ltd.'s portfolio, making the stock its 27th largest holding. Vontobel Holding Ltd. owned about 0.97% of Vulcan Materials worth $328,271,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Asset Management One Co. Ltd. raised its holdings in shares of Vulcan Materials by 17.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 75,310 shares of the construction company's stock worth $19,746,000 after purchasing an additional 11,129 shares during the period. Avestar Capital LLC purchased a new position in shares of Vulcan Materials in the 4th quarter worth about $207,000. Values First Advisors Inc. purchased a new position in shares of Vulcan Materials in the 4th quarter worth about $322,000. Legato Capital Management LLC purchased a new position in shares of Vulcan Materials in the 4th quarter worth about $743,000. Finally, Marks Group Wealth Management Inc raised its holdings in shares of Vulcan Materials by 15.2% in the 4th quarter. Marks Group Wealth Management Inc now owns 2,146 shares of the construction company's stock worth $552,000 after purchasing an additional 283 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
VMC has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Citigroup lowered their target price on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating for the company in a research note on Monday, January 6th. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Finally, Truist Financial increased their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $301.18.
Get Our Latest Analysis on Vulcan Materials
Vulcan Materials Stock Performance
NYSE:VMC traded up $1.88 during trading hours on Tuesday, reaching $272.34. 1,433,349 shares of the stock were exchanged, compared to its average volume of 727,785. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm has a 50 day simple moving average of $267.43 and a 200-day simple moving average of $261.39. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31. The stock has a market capitalization of $35.96 billion, a P/E ratio of 42.96, a P/E/G ratio of 2.14 and a beta of 0.84.
Vulcan Materials (NYSE:VMC - Get Free Report) last released its earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $1.76 by $0.41. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. During the same quarter in the prior year, the firm posted $1.46 EPS. As a group, sell-side analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.
Vulcan Materials Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.49 dividend. This is an increase from Vulcan Materials's previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials's dividend payout ratio (DPR) is 29.02%.
About Vulcan Materials
(
Free Report)
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.
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