Vulcan Materials (NYSE:VMC) Shares Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its position in shares of Vulcan Materials (NYSE:VMC) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 138,778 shares of the construction company’s stock after acquiring an additional 145 shares during the quarter. Douglas Lane & Associates LLC owned approximately 0.11% of Vulcan Materials worth $35,698,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in VMC. TD Asset Management Inc grew its holdings in shares of Vulcan Materials by 4.6% during the second quarter. TD Asset Management Inc now owns 64,929 shares of the construction company’s stock worth $16,147,000 after buying an additional 2,834 shares in the last quarter. Private Advisor Group LLC grew its position in shares of Vulcan Materials by 5.7% in the second quarter. Private Advisor Group LLC now owns 4,732 shares of the construction company’s stock valued at $1,177,000 after purchasing an additional 255 shares in the last quarter. Savant Capital LLC increased its holdings in shares of Vulcan Materials by 96.6% in the second quarter. Savant Capital LLC now owns 2,200 shares of the construction company’s stock valued at $547,000 after purchasing an additional 1,081 shares during the last quarter. Wedbush Securities Inc. lifted its position in Vulcan Materials by 9.8% during the second quarter. Wedbush Securities Inc. now owns 3,934 shares of the construction company’s stock worth $978,000 after buying an additional 350 shares in the last quarter. Finally, Choreo LLC boosted its stake in Vulcan Materials by 107.0% during the second quarter. Choreo LLC now owns 4,885 shares of the construction company’s stock worth $1,193,000 after buying an additional 2,525 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Citigroup dropped their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday. Stephens reiterated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. Finally, JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $288.83.

Vulcan Materials Stock Up 1.2 %

VMC traded up $3.02 on Wednesday, reaching $255.00. The company’s stock had a trading volume of 288,459 shares, compared to its average volume of 580,454. Vulcan Materials has a fifty-two week low of $219.73 and a fifty-two week high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $33.68 billion, a price-to-earnings ratio of 40.22, a P/E/G ratio of 2.67 and a beta of 0.83. The stock has a 50 day moving average of $275.63 and a two-hundred day moving average of $258.13.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, analysts forecast that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 29.02%.

About Vulcan Materials

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.