Axxcess Wealth Management LLC Decreases Stock Holdings in Vulcan Materials (NYSE:VMC)

Axxcess Wealth Management LLC lessened its stake in Vulcan Materials (NYSE:VMC) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,203 shares of the construction company’s stock after selling 122 shares during the period. Axxcess Wealth Management LLC’s holdings in Vulcan Materials were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in shares of Vulcan Materials by 3.2% in the 4th quarter. Parallel Advisors LLC now owns 1,776 shares of the construction company’s stock worth $457,000 after buying an additional 55 shares during the last quarter. Cibc World Markets Corp grew its holdings in Vulcan Materials by 298.8% in the fourth quarter. Cibc World Markets Corp now owns 71,582 shares of the construction company’s stock worth $18,413,000 after purchasing an additional 53,631 shares during the last quarter. SlateStone Wealth LLC increased its position in shares of Vulcan Materials by 0.7% during the fourth quarter. SlateStone Wealth LLC now owns 24,905 shares of the construction company’s stock worth $6,406,000 after purchasing an additional 161 shares in the last quarter. one8zero8 LLC purchased a new stake in shares of Vulcan Materials during the 4th quarter valued at $450,000. Finally, Frank Rimerman Advisors LLC boosted its position in shares of Vulcan Materials by 13.7% in the 4th quarter. Frank Rimerman Advisors LLC now owns 1,867 shares of the construction company’s stock worth $480,000 after purchasing an additional 225 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Royal Bank of Canada increased 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. Stifel Nicolaus started coverage on shares of Vulcan Materials in a research report on Tuesday, March 4th. They issued a “buy” rating and a $287.00 price objective for the company. Raymond James dropped their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and decreased their price target for the stock from $290.00 to $285.00 in a report on Wednesday. Finally, Citigroup dropped their price objective 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. Three analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.67.

Vulcan Materials Stock Down 1.0 %

Vulcan Materials stock opened at $238.66 on Friday. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The firm has a market cap of $31.53 billion, a price-to-earnings ratio of 34.84, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The business’s 50-day moving average price is $256.93 and its 200 day moving average price is $260.34. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60.

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

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders 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 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Monday, March 10th. Vulcan Materials’s dividend 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.