TD Private Client Wealth LLC Sells 8,870 Shares of Vulcan Materials (NYSE:VMC)

TD Private Client Wealth LLC decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 83.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,790 shares of the construction company’s stock after selling 8,870 shares during the quarter. TD Private Client Wealth LLC’s holdings in Vulcan Materials were worth $460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in Vulcan Materials during the 4th quarter valued at $31,000. Generali Asset Management SPA SGR bought a new stake in shares of Vulcan Materials during the fourth quarter worth $32,000. UMB Bank n.a. boosted its stake in shares of 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 period. Washington Trust Advisors Inc. grew its holdings in shares of Vulcan Materials by 30.0% in 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 last quarter. Finally, FSA Wealth Management LLC purchased a new position in Vulcan Materials in the 3rd quarter worth about $57,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded shares of 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 note on Wednesday, March 19th. Morgan Stanley raised their price objective on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Stephens reiterated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 19th. Finally, Stifel Nicolaus initiated coverage on Vulcan Materials in a report on Tuesday, March 4th. They issued a “buy” rating and a $287.00 price objective for the company. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $302.67.

Vulcan Materials Trading Up 3.1 %

NYSE VMC opened at $241.31 on Tuesday. The firm has a market cap of $31.88 billion, a PE ratio of 35.23, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. 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 company has a 50 day moving average price of $256.29 and a 200 day moving average price of $260.66.

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

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.49 per share. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.81%. Vulcan Materials’s payout ratio is presently 28.61%.

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.