one8zero8 LLC Takes Position in Vulcan Materials (NYSE:VMC)

one8zero8 LLC purchased a new position in shares of Vulcan Materials (NYSE:VMC) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,750 shares of the construction company’s stock, valued at approximately $450,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Vulcan Materials in the 4th quarter worth about $31,000. UMB Bank n.a. boosted its stake in Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. Washington Trust Advisors Inc. grew its position in shares of Vulcan Materials by 30.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock valued at $54,000 after acquiring an additional 48 shares during the period. FSA Wealth Management LLC purchased a new stake in shares of Vulcan Materials during the 3rd quarter worth approximately $57,000. Finally, Coastline Trust Co purchased a new position in Vulcan Materials in the third quarter valued at approximately $61,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $231.70 on Monday. The stock’s 50-day simple moving average is $258.29 and its two-hundred day simple moving average is $260.74. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. The firm has a market capitalization of $30.61 billion, a P/E ratio of 33.82, a P/E/G ratio of 2.03 and a beta of 0.80. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.46 earnings per share. As a group, equities analysts anticipate that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.49 dividend. The ex-dividend date 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 0.85%. Vulcan Materials’s payout ratio is 28.61%.

Analysts Set New Price Targets

A number of analysts have issued reports on VMC shares. Citigroup decreased their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Stifel Nicolaus started coverage on shares of Vulcan Materials in a research report on Tuesday, March 4th. They set a “buy” rating and a $287.00 target price for the company. Royal Bank of Canada boosted their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 19th. Finally, Raymond James cut their price objective 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. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $303.08.

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.