Kestra Investment Management LLC Has $442,000 Position in Vulcan Materials (NYSE:VMC)

Kestra Investment Management LLC lessened its holdings in Vulcan Materials (NYSE:VMC) by 50.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,719 shares of the construction company’s stock after selling 1,724 shares during the period. Kestra Investment Management LLC’s holdings in Vulcan Materials were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials during the 3rd quarter worth about $30,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials in the third quarter worth approximately $35,000. Washington Trust Advisors Inc. boosted its holdings in shares of Vulcan Materials by 240.4% during 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 during the period. Capital Performance Advisors LLP purchased a new position in Vulcan Materials during the third quarter valued at approximately $42,000. Finally, UMB Bank n.a. increased its stake in Vulcan Materials by 138.5% in 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 during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on VMC shares. Raymond James decreased their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. Citigroup lowered their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Barclays boosted their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $303.82.

Vulcan Materials Price Performance

NYSE VMC opened at $264.84 on Thursday. Vulcan Materials has a 1 year low of $225.36 and a 1 year high of $298.31. The company has a fifty day simple moving average of $267.35 and a 200 day simple moving average of $261.43. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company has a market cap of $34.98 billion, a P/E ratio of 41.77, a P/E/G ratio of 2.09 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.76 by $0.41. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the business posted $1.46 earnings per share. On average, sell-side analysts predict that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, March 10th. 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 dividend yield of 0.74%. Vulcan Materials’s payout ratio is 29.02%.

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.