Marble Wealth LLC Invests $1.03 Million in Vulcan Materials Company $VMC

Marble Wealth LLC purchased a new position in shares of Vulcan Materials Company (NYSE:VMC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,622 shares of the construction company’s stock, valued at approximately $1,033,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Vulcan Materials by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,293,316 shares of the construction company’s stock worth $397,795,000 after acquiring an additional 3,931 shares during the period. Swiss Life Asset Management Ltd raised its holdings in Vulcan Materials by 67.8% during the third quarter. Swiss Life Asset Management Ltd now owns 14,320 shares of the construction company’s stock worth $4,405,000 after purchasing an additional 5,787 shares during the last quarter. ING Groep NV boosted its position in Vulcan Materials by 67.3% during the third quarter. ING Groep NV now owns 29,081 shares of the construction company’s stock worth $8,946,000 after purchasing an additional 11,699 shares in the last quarter. Interval Partners LP boosted its position in Vulcan Materials by 82.9% during the third quarter. Interval Partners LP now owns 152,645 shares of the construction company’s stock worth $46,957,000 after purchasing an additional 69,189 shares in the last quarter. Finally, Cibc World Market Inc. purchased a new stake in Vulcan Materials during the third quarter worth $12,834,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VMC has been the topic of a number of research analyst reports. Morgan Stanley decreased their target price on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research report on Monday, April 6th. DA Davidson decreased their price objective on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a research report on Thursday, April 30th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Finally, Oppenheimer assumed coverage on shares of Vulcan Materials in a research report on Thursday, May 28th. They issued a “market perform” rating on the stock. Seven analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $326.92.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $282.06 on Wednesday. Vulcan Materials Company has a 52 week low of $252.35 and a 52 week high of $331.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51. The firm’s 50-day simple moving average is $280.29 and its 200 day simple moving average is $290.36. The firm has a market capitalization of $36.60 billion, a PE ratio of 33.54, a P/E/G ratio of 2.03 and a beta of 1.05.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned $1.00 EPS. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s dividend payout ratio is 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.