Vulcan Materials (NYSE:VMC) Shares Bought by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC lifted its stake in shares of Vulcan Materials (NYSE:VMC) by 0.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,090 shares of the construction company’s stock after purchasing an additional 88 shares during the period. Vulcan Materials accounts for about 1.5% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 20th largest holding. Proactive Wealth Strategies LLC’s holdings in Vulcan Materials were worth $2,853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. increased its position in Vulcan Materials by 13.9% during the fourth quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company’s stock worth $1,559,380,000 after purchasing an additional 741,631 shares during the last quarter. State Street Corp raised its position in shares of Vulcan Materials by 1.2% during the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock valued at $1,322,546,000 after buying an additional 65,163 shares during the period. FMR LLC grew its position in Vulcan Materials by 2.2% in the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after acquiring an additional 78,271 shares during the period. Geode Capital Management LLC raised its position in Vulcan Materials by 1.0% in the third 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 during the period. Finally, Stockbridge Partners LLC raised its holdings in Vulcan Materials by 9.6% in the 3rd quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock valued at $392,815,000 after buying an additional 137,365 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

VMC has been the subject of several research analyst reports. Stephens restated an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Raymond James reduced their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted 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. Finally, UBS Group initiated coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $270.58 on Tuesday. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $267.64 and its 200 day moving average price is $261.40. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31. The stock has a market cap of $35.73 billion, a price-to-earnings ratio of 42.68, a PEG ratio of 2.14 and a beta of 0.84.

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 given a $0.49 dividend. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials’s dividend payout ratio is currently 29.02%.

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.