Vulcan Materials (NYSE:VMC) Shares Sold by Kapstone Financial Advisors LLC

Kapstone Financial Advisors LLC lowered its stake in shares of Vulcan Materials (NYSE:VMC) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,700 shares of the construction company’s stock after selling 138 shares during the period. Kapstone Financial Advisors LLC’s holdings in Vulcan Materials were worth $735,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in Vulcan Materials by 19.9% in 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 buying an additional 884,580 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Vulcan Materials by 28,529.4% in the 4th quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company’s stock worth $134,694,000 after buying an additional 521,802 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Vulcan Materials by 32.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock worth $184,353,000 after buying an additional 178,634 shares during the last quarter. Artemis Investment Management LLP boosted its stake in Vulcan Materials by 67.9% in the 4th quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock worth $103,434,000 after buying an additional 162,567 shares during the last quarter. Finally, Stockbridge Partners LLC boosted its stake in Vulcan Materials by 9.6% in the 3rd quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock worth $392,815,000 after buying an additional 137,365 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $239.31 on Tuesday. The company has a market cap of $31.62 billion, a P/E ratio of 34.94, a PEG ratio of 2.03 and a beta of 0.84. 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 has a one year low of $225.36 and a one year high of $298.31. The business’s 50-day simple moving average is $263.85 and its 200 day simple moving average is $261.78.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share (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 company had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the business earned $1.46 EPS. On average, sell-side analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, March 10th. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.82%. Vulcan Materials’s payout ratio is currently 28.61%.

Wall Street Analyst Weigh In

VMC has been the topic of a number of research analyst reports. Raymond James decreased their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Citigroup decreased their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. Stephens reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, Morgan Stanley lifted their price objective on Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $304.55.

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.