Vulcan Materials (NYSE:VMC) Shares Sold by Arrowstreet Capital Limited Partnership

by · The Cerbat Gem

Arrowstreet Capital Limited Partnership reduced its holdings in Vulcan Materials (NYSE:VMC – Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 86,215 shares of the construction company’s stock after selling 2,558 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Vulcan Materials were worth $22,177,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Murphy & Mullick Capital Management Corp acquired a new stake in Vulcan Materials in the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Vulcan Materials in the 4th quarter worth about $31,000. Generali Asset Management SPA SGR bought a new stake in Vulcan Materials in the 4th quarter valued at about $32,000. UMB Bank n.a. boosted its stake 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 purchasing an additional 108 shares during the period. Finally, Washington Trust Advisors Inc. grew its position in Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock worth $54,000 after purchasing an additional 48 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VMC has been the subject of several analyst reports. Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 19th. Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Nicolaus started coverage on Vulcan Materials in a report on Tuesday, March 4th. They set a “buy” rating and a $287.00 price target on the stock. Raymond James cut their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Finally, Loop Capital decreased 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. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $305.58.

Get Our Latest Stock Analysis on Vulcan Materials

Vulcan Materials Trading Down 1.0 %

Vulcan Materials stock opened at $237.69 on Friday. The firm has a market cap of $31.44 billion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The firm’s 50 day moving average price is $250.99 and its two-hundred day moving average price is $260.48. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83.

Vulcan Materials (NYSE:VMC – Get Free Report) last announced its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.81 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. On average, research analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.49 per share. The ex-dividend date was 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 yield of 0.82%. Vulcan Materials’s dividend payout ratio is currently 28.61%.

Vulcan Materials Company Profile

(Free Report)

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.

See Also

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