Callan Family Office LLC Invests $536,000 in Vulcan Materials (NYSE:VMC)

Callan Family Office LLC acquired a new position in shares of Vulcan Materials (NYSE:VMC) in the fourth quarter, Holdings Channel.com reports. The fund acquired 2,082 shares of the construction company’s stock, valued at approximately $536,000.

A number of other hedge funds also recently made changes to their positions in the stock. Washington Trust Advisors Inc. boosted its stake in shares of Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock valued at $54,000 after purchasing an additional 48 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Vulcan Materials in the 4th quarter valued at $74,760,000. Arizona State Retirement System boosted its stake in shares of Vulcan Materials by 1.2% in the 4th quarter. Arizona State Retirement System now owns 38,357 shares of the construction company’s stock valued at $9,867,000 after purchasing an additional 466 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of Vulcan Materials by 11.3% in the 4th quarter. Proficio Capital Partners LLC now owns 2,036 shares of the construction company’s stock valued at $524,000 after purchasing an additional 207 shares in the last quarter. Finally, Atria Investments Inc boosted its stake in shares of Vulcan Materials by 11.2% in the 4th quarter. Atria Investments Inc now owns 7,941 shares of the construction company’s stock valued at $2,043,000 after purchasing an additional 798 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Morgan Stanley upped their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Stifel Nicolaus initiated coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They issued a “buy” rating and a $287.00 target price on the stock. Citigroup cut their target price 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. Stephens restated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, Raymond James cut their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $303.08.

Vulcan Materials Price Performance

VMC opened at $221.47 on Monday. 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 52-week low of $218.71 and a 52-week high of $298.31. The stock has a market capitalization of $29.26 billion, a PE ratio of 32.33, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The stock’s 50 day moving average price is $261.37 and its 200-day moving average price is $261.43.

Vulcan Materials (NYSE:VMC) last announced its earnings results 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 firm had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. During the same quarter in the prior year, the company earned $1.46 EPS. On average, equities research analysts predict that Vulcan Materials will post 8.69 EPS 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 given a $0.49 dividend. The ex-dividend date is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.89%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is currently 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.