Thompson Siegel & Walmsley LLC Has $6.17 Million Stake in Vulcan Materials (NYSE:VMC)

Thompson Siegel & Walmsley LLC lifted its holdings in Vulcan Materials (NYSE:VMC) by 4.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,000 shares of the construction company’s stock after buying an additional 1,000 shares during the period. Thompson Siegel & Walmsley LLC’s holdings in Vulcan Materials were worth $6,174,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Impact Capital Partners LLC purchased a new position in shares of Vulcan Materials in the 4th quarter worth approximately $253,000. Commonwealth Equity Services LLC boosted its stake in shares of Vulcan Materials by 16.9% in the 4th quarter. Commonwealth Equity Services LLC now owns 62,095 shares of the construction company’s stock worth $15,973,000 after buying an additional 8,994 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Vulcan Materials by 4.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 27,785 shares of the construction company’s stock worth $7,173,000 after buying an additional 1,200 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Vulcan Materials by 24.9% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,605 shares of the construction company’s stock worth $1,699,000 after buying an additional 1,316 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in shares of Vulcan Materials by 13.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 2,250 shares of the construction company’s stock worth $579,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

VMC has been the topic of a number of research analyst reports. Morgan Stanley boosted their target price on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada lifted their price target 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. Raymond James lowered their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Finally, Citigroup lowered their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $303.08.

Vulcan Materials Trading Down 0.8 %

Shares of VMC stock opened at $225.39 on Friday. The company’s fifty day simple moving average is $258.80 and its two-hundred day simple moving average is $260.55. 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 $215.08 and a 1 year high of $298.31. The stock has a market capitalization of $29.78 billion, a price-to-earnings ratio of 32.90, a PEG ratio of 2.03 and a beta of 0.80.

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

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. 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 annualized dividend and a yield of 0.87%. Vulcan Materials’s payout ratio is 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.