Vulcan Materials (NYSE:VMC) Shares Sold by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,230 shares of the construction company’s stock after selling 45 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Vulcan Materials were worth $865,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in VMC. Norges Bank acquired a new stake in Vulcan Materials in the 4th quarter worth about $380,369,000. Principal Financial Group Inc. lifted its holdings in shares of Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after acquiring an additional 884,580 shares during the period. Proficio Capital Partners LLC boosted its position in shares of Vulcan Materials by 28,529.4% in the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company’s stock worth $134,694,000 after acquiring an additional 521,802 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Vulcan Materials during the fourth quarter worth approximately $74,760,000. Finally, HighTower Advisors LLC raised its stake in Vulcan Materials by 125.0% during the fourth quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company’s stock worth $86,425,000 after purchasing an additional 186,641 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on VMC shares. JPMorgan Chase & Co. raised Vulcan Materials from a “neutral” rating to an “overweight” rating and cut their target price for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Stephens restated an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a report on Friday, March 21st. Loop Capital dropped their target price on shares of Vulcan Materials from $325.00 to $320.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Morgan Stanley lifted their price target on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $305.58.

Vulcan Materials Price Performance

VMC opened at $237.26 on Wednesday. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The firm has a market cap of $31.38 billion, a price-to-earnings ratio of 34.64, a PEG ratio of 2.03 and a beta of 0.80. The company has a fifty day simple moving average of $252.42 and a 200 day simple moving average of $260.78.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping 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 business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the firm posted $1.46 earnings per share. Equities research analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.49 per share. The ex-dividend date was Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.83%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio (DPR) is presently 28.61%.

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.