Wealthfront Advisers LLC Buys 1,303 Shares of Vulcan Materials (NYSE:VMC)

Wealthfront Advisers LLC increased its stake in Vulcan Materials (NYSE:VMC - Free Report) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,027 shares of the construction company's stock after purchasing an additional 1,303 shares during the quarter. Wealthfront Advisers LLC's holdings in Vulcan Materials were worth $2,836,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of VMC. Principal Financial Group Inc. lifted its stake in shares of Vulcan Materials by 13.9% in the 4th quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company's stock worth $1,559,380,000 after acquiring an additional 741,631 shares during the period. State Street Corp lifted its position in Vulcan Materials by 1.2% in the third quarter. State Street Corp now owns 5,281,102 shares of the construction company's stock worth $1,322,546,000 after purchasing an additional 65,163 shares during the period. FMR LLC boosted its stake in Vulcan Materials by 2.2% during the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company's stock valued at $916,807,000 after purchasing an additional 78,271 shares in the last quarter. Geode Capital Management LLC boosted its stake in Vulcan Materials by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company's stock valued at $826,644,000 after purchasing an additional 33,061 shares in the last quarter. Finally, Stockbridge Partners LLC increased its position in shares of Vulcan Materials by 9.6% during the 3rd quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company's stock valued at $392,815,000 after purchasing an additional 137,365 shares during the period. Institutional investors own 90.39% of the company's stock.

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Vulcan Materials Stock Up 1.7 %

NYSE VMC traded up $3.97 on Monday, reaching $235.29. The stock had a trading volume of 1,142,448 shares, compared to its average volume of 817,950. 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 1 year low of $215.08 and a 1 year high of $298.31. The business has a 50 day moving average price of $258.29 and a 200 day moving average price of $260.74. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 34.35, a P/E/G ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS 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 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 quarter in the previous year, the business posted $1.46 EPS. On average, analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal 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 of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.83%. Vulcan Materials's dividend payout ratio is 28.61%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VMC shares. JPMorgan Chase & Co. raised 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. Stephens restated an "overweight" rating and set a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Morgan Stanley boosted their target price 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. Raymond James reduced their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating for the company in a report on Thursday, January 16th. Finally, Citigroup dropped their price target on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $303.08.

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.