Global Retirement Partners LLC Trims Stake in Vulcan Materials (NYSE:VMC)

Global Retirement Partners LLC cut its stake in Vulcan Materials (NYSE:VMC) by 14.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,281 shares of the construction company’s stock after selling 216 shares during the quarter. Global Retirement Partners LLC’s holdings in Vulcan Materials were worth $330,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials in the 3rd quarter worth approximately $30,000. Concord Wealth Partners purchased a new stake in Vulcan Materials in the third quarter worth $35,000. Washington Trust Advisors Inc. raised its holdings in Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after purchasing an additional 113 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Vulcan Materials during the third quarter valued at $42,000. Finally, UMB Bank n.a. boosted its holdings in shares of Vulcan Materials by 138.5% during the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after buying an additional 108 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on VMC shares. UBS Group started coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Royal Bank of Canada upped their target price on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. Truist Financial raised their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Stephens reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average price target of $304.55.

Vulcan Materials Price Performance

NYSE VMC opened at $251.45 on Tuesday. 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 1-year low of $225.36 and a 1-year high of $298.31. The stock has a market capitalization of $33.21 billion, a price-to-earnings ratio of 36.71, a PEG ratio of 2.03 and a beta of 0.84. The business’s fifty day moving average price is $265.69 and its 200-day moving average price is $261.69.

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

Vulcan Materials Increases Dividend

The firm also recently disclosed 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 is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.78%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

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.