Legacy Capital Wealth Partners LLC Cuts Position in Vulcan Materials (NYSE:VMC)

Legacy Capital Wealth Partners LLC lessened its stake in Vulcan Materials (NYSE:VMC) by 6.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,536 shares of the construction company’s stock after selling 107 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Vulcan Materials were worth $395,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at about $30,000. Concord Wealth Partners purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at about $35,000. Washington Trust Advisors Inc. increased its holdings in shares of Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after purchasing an additional 113 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at about $42,000. Finally, UMB Bank n.a. increased its holdings in 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 acquiring an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

VMC opened at $270.58 on Monday. The company’s 50 day simple moving average is $267.64 and its 200 day simple moving average is $261.49. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. 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 $35.73 billion, a PE ratio of 42.68, a P/E/G ratio of 2.14 and a beta of 0.84.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.49 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.02%.

Wall Street Analysts Forecast Growth

VMC has been the subject of several recent research reports. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Barclays raised their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Raymond James dropped their target price 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. Citigroup dropped their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials 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.