Horizon Investments LLC Has $4.87 Million Holdings in Vulcan Materials Company $VMC

Horizon Investments LLC lifted its holdings in Vulcan Materials Company (NYSE:VMC) by 56.7% during the 4th quarter, Holdings Channel reports. The fund owned 17,068 shares of the construction company’s stock after acquiring an additional 6,177 shares during the quarter. Horizon Investments LLC’s holdings in Vulcan Materials were worth $4,868,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC acquired a new position in Vulcan Materials during the 4th quarter worth $497,000. NewEdge Advisors LLC lifted its holdings in Vulcan Materials by 3.9% during the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after buying an additional 163 shares in the last quarter. Empowered Funds LLC lifted its holdings in Vulcan Materials by 6.3% during the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after buying an additional 190 shares in the last quarter. Focus Partners Wealth lifted its holdings in Vulcan Materials by 28.5% during the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after buying an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in Vulcan Materials by 31.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after buying an additional 80 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VMC. B. Riley Financial began coverage on Vulcan Materials in a report on Thursday, January 15th. They set a “buy” rating and a $345.00 price objective on the stock. Truist Financial upped their price objective on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a report on Tuesday, January 27th. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a report on Thursday. Finally, Citigroup reduced their price objective on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a report on Friday. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $329.62.

Insider Activity at Vulcan Materials

In other Vulcan Materials news, Director Melissa H. Anderson sold 1,137 shares of the company’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $303.72, for a total transaction of $345,329.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $297.00 on Monday. The firm has a fifty day moving average of $284.44 and a two-hundred day moving average of $292.83. The stock has a market capitalization of $38.54 billion, a price-to-earnings ratio of 35.32, a PEG ratio of 2.16 and a beta of 1.09. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.00 EPS. As a group, equities research analysts predict that Vulcan Materials Company will post 9.28 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Monday, March 9th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.49. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.