Vulcan Materials (NYSE:VMC) Shares Acquired by Parallel Advisors LLC

Parallel Advisors LLC increased its position in Vulcan Materials (NYSE:VMC) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,776 shares of the construction company’s stock after purchasing an additional 55 shares during the period. Parallel Advisors LLC’s holdings in Vulcan Materials were worth $457,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VMC. SBI Securities Co. Ltd. bought a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $31,000. UMB Bank n.a. increased its stake in Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after purchasing an additional 108 shares during the last quarter. Washington Trust Advisors Inc. raised its holdings 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 worth $54,000 after purchasing an additional 48 shares during the period. FSA Wealth Management LLC bought a new position in shares of Vulcan Materials in the 3rd quarter worth about $57,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at about $61,000. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of VMC opened at $234.55 on Friday. The firm has a market capitalization of $30.99 billion, a PE ratio of 34.24, a P/E/G ratio of 2.03 and a beta of 0.80. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The firm has a 50-day moving average price of $256.58 and a 200 day moving average price of $260.27. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The company had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same period in the prior year, the business posted $1.46 EPS. On average, sell-side analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.49 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, March 10th. Vulcan Materials’s dividend payout ratio (DPR) is presently 28.61%.

Analysts Set New Price Targets

VMC has been the topic of a number of recent research reports. Stephens reissued an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Morgan Stanley boosted their price objective on Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. raised Vulcan Materials from a “neutral” rating to an “overweight” rating and dropped their target price for the stock from $290.00 to $285.00 in a research report on Wednesday. Raymond James reduced their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Finally, Royal Bank of Canada increased their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 19th. Three analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $302.67.

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.