Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Vulcan Materials (NYSE:VMC)

Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Vulcan Materials (NYSE:VMC - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,625 shares of the construction company's stock after acquiring an additional 1,764 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Vulcan Materials were worth $7,106,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Vulcan Materials during the third quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Vulcan Materials in the fourth quarter worth $31,000. UMB Bank n.a. raised its position in shares of Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company's stock worth $48,000 after buying an additional 108 shares in the last quarter. Washington Trust Advisors Inc. raised its position 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 buying an additional 48 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new stake in shares of Vulcan Materials in the third quarter worth $57,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Performance

Shares of VMC opened at $225.39 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. Vulcan Materials has a one year low of $215.08 and a one year high of $298.31. The company has a 50-day simple moving average of $258.80 and a two-hundred day simple moving average of $260.55. The firm has a market capitalization of $29.78 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80.

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

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Vulcan Materials's previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.87%. Vulcan Materials's dividend payout ratio (DPR) is 28.61%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on VMC shares. Stephens reiterated an "overweight" rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Raymond James lowered their price objective on Vulcan Materials from $298.00 to $295.00 and set an "outperform" rating on the stock in a research report on Thursday, January 16th. Citigroup lowered their price objective on Vulcan Materials from $325.00 to $301.00 and set a "buy" rating on the stock in a research report on Monday, January 6th. Finally, Morgan Stanley increased their target price on Vulcan Materials from $295.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday, February 24th. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company 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.

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