2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. lowered its holdings in Vulcan Materials ( NYSE:VMC – Free Report ) by 3.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund owned 1,287 shares of the construction company’s stock after selling 51 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Vulcan Materials were worth $331,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. increased its position in Vulcan Materials by 16.
5% during the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after acquiring an additional 36 shares during the period.
Quadrant Capital Group LLC raised its holdings in Vulcan Materials by 2.5% in the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company’s stock valued at $461,000 after acquiring an additional 44 shares in the last quarter.
Howard Capital Management Inc. grew its holdings in shares of Vulcan Materials by 5.2% during the 4th quarter.
Howard Capital Management Inc. now owns 906 shares of the construction company’s stock worth $233,000 after purchasing an additional 45 shares in the last quarter. Washington Trust Advisors Inc.
increased its position in shares of Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc.
now owns 208 shares of the construction company’s stock valued at $54,000 after purchasing an additional 48 shares during the period. Finally, Sound View Wealth Advisors Group LLC increased its holdings in Vulcan Materials by 4.3% in the 4th quarter.
Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company’s stock valued at $301,000 after buying an additional 48 shares during the period. 90.39% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In Several brokerages have recently weighed in on VMC. Seaport Res Ptn upgraded shares of Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Nicolaus began coverage on Vulcan Materials in a research report on Tuesday, March 4th.
They set a “buy” rating and a $287.00 target price for the company. JPMorgan Chase & Co.
upgraded Vulcan Materials from a “neutral” rating to an “overweight” rating and lowered their price target for the company from $290.00 to $285.00 in a research report on Wednesday, March 19th.
Stephens reaffirmed an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, Morgan Stanley cut their price target on shares of Vulcan Materials from $300.
00 to $273.00 and set an “equal weight” rating for the company in a report on Wednesday, April 16th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock.
According to MarketBeat, Vulcan Materials has an average rating of “Moderate Buy” and an average target price of $293.64. Vulcan Materials Trading Up 0.
5 % VMC opened at $241.86 on Monday. The firm has a 50 day simple moving average of $241.
50 and a 200 day simple moving average of $259.57. The company has a debt-to-equity ratio of 0.
60, a current ratio of 1.83 and a quick ratio of 2.02.
Vulcan Materials has a fifty-two week low of $215.08 and a fifty-two week high of $298.31.
The company has a market cap of $31.99 billion, a price-to-earnings ratio of 35.31, a price-to-earnings-growth ratio of 2.
03 and a beta of 0.80. Vulcan Materials ( NYSE:VMC – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 18th.
The construction company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.
41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.
30%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.
81 billion. During the same period in the previous year, the firm earned $1.46 earnings per share.
On average, sell-side analysts anticipate 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 was paid on Monday, March 24th.
Shareholders of record on Monday, March 10th were paid a $0.49 dividend. This represents a $1.
96 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, March 10th.
This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is presently 28.
61%. Vulcan Materials Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding VMC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Vulcan Materials ( NYSE:VMC – Free Report ).
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