Ieq Capital LLC Grows Holdings in Vulcan Materials (NYSE:VMC)

Ieq Capital LLC increased its holdings in Vulcan Materials (NYSE:VMC) by 11.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,708 shares of the construction company’s stock after acquiring an additional 771 shares during the quarter. Ieq Capital LLC’s holdings in Vulcan Materials were worth $1,983,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Blue Trust Inc. grew its holdings in Vulcan Materials by 134.9% in the third quarter. Blue Trust Inc. now owns 538 shares of the construction company’s stock worth $134,000 after purchasing an additional 309 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after purchasing an additional 44 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Vulcan Materials by 9.7% in the 3rd quarter. Private Advisor Group LLC now owns 5,192 shares of the construction company’s stock worth $1,300,000 after buying an additional 460 shares during the last quarter. International Assets Investment Management LLC increased its position in Vulcan Materials by 25,705.6% during the 3rd quarter. International Assets Investment Management LLC now owns 50,837 shares of the construction company’s stock valued at $12,731,000 after buying an additional 50,640 shares in the last quarter. Finally, Ballentine Partners LLC raised its stake in Vulcan Materials by 9.2% during the third quarter. Ballentine Partners LLC now owns 934 shares of the construction company’s stock valued at $234,000 after buying an additional 79 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VMC shares. Stephens reissued an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Barclays lifted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Raymond James cut their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $305.00.

Vulcan Materials Trading Down 2.3 %

NYSE:VMC opened at $252.68 on Monday. The company has a market cap of $33.37 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The company has a 50 day simple moving average of $266.20 and a two-hundred day simple moving average of $261.66. Vulcan Materials has a 12 month low of $225.36 and a 12 month high of $298.31.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.76 by $0.41. The firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same quarter in the prior year, the firm earned $1.46 EPS. Research analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 0.78%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. Vulcan Materials’s dividend payout ratio is currently 26.86%.

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.