Vulcan Materials (NYSE:VMC) Shares Purchased by Legacy Private Trust Co.

Legacy Private Trust Co. boosted its stake in shares of Vulcan Materials (NYSE:VMC) by 9.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,618 shares of the construction company’s stock after acquiring an additional 138 shares during the period. Legacy Private Trust Co.’s holdings in Vulcan Materials were worth $416,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Vulcan Materials during the 3rd quarter worth about $30,000. Concord Wealth Partners purchased a new stake in Vulcan Materials during the 3rd quarter worth approximately $35,000. Washington Trust Advisors Inc. raised 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 valued at $40,000 after acquiring an additional 113 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Vulcan Materials in the third quarter valued at approximately $42,000. Finally, Asset Dedication LLC boosted its stake in shares of Vulcan Materials by 146.5% in the third quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after acquiring an additional 104 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

NYSE:VMC opened at $255.14 on Thursday. Vulcan Materials has a 52 week low of $219.73 and a 52 week high of $298.31. The stock’s fifty day moving average is $275.21 and its two-hundred day moving average is $258.11. The company has a market capitalization of $33.69 billion, a P/E ratio of 40.24, a P/E/G ratio of 2.67 and a beta of 0.83. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.29 earnings per share. Equities analysts expect that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a $0.46 dividend. The ex-dividend date was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.72%. Vulcan Materials’s dividend payout ratio is currently 29.02%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on VMC shares. Stephens reissued an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Citigroup dropped their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday. UBS Group started coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price on the stock. Truist Financial upped their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. lifted their price objective on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and an average target price of $296.18.

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.