Vulcan Materials Company $VMC Stock Position Raised by ABN Amro Investment Solutions

ABN Amro Investment Solutions lifted its stake in shares of Vulcan Materials Company (NYSE:VMC) by 134.9% during the fourth quarter, Holdings Channel reports. The firm owned 7,969 shares of the construction company’s stock after purchasing an additional 4,576 shares during the quarter. ABN Amro Investment Solutions’ holdings in Vulcan Materials were worth $2,273,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. IFP Advisors Inc grew its position in Vulcan Materials by 500.7% during the 4th quarter. IFP Advisors Inc now owns 8,013 shares of the construction company’s stock worth $2,285,000 after purchasing an additional 6,679 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in shares of Vulcan Materials by 79.3% in the fourth quarter. Banque Cantonale Vaudoise now owns 4,374 shares of the construction company’s stock worth $1,248,000 after buying an additional 1,935 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Vulcan Materials by 2.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 58,246 shares of the construction company’s stock worth $16,613,000 after buying an additional 1,471 shares during the period. ProShare Advisors LLC grew its holdings in shares of Vulcan Materials by 6.2% during the fourth quarter. ProShare Advisors LLC now owns 27,251 shares of the construction company’s stock valued at $7,773,000 after buying an additional 1,598 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of Vulcan Materials by 5.9% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 3,522 shares of the construction company’s stock valued at $1,004,000 after buying an additional 195 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

VMC stock opened at $260.78 on Friday. The firm has a 50 day moving average of $278.81 and a two-hundred day moving average of $290.96. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The company has a market capitalization of $33.84 billion, a price-to-earnings ratio of 31.01, a P/E/G ratio of 1.90 and a beta of 1.09. The company has a quick ratio of 1.89, a current ratio of 2.59 and a debt-to-equity ratio of 0.51.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. Vulcan Materials’s revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.00 EPS. As a group, equities analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be given a $0.52 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is currently 24.73%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. DA Davidson reduced their price objective on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a research note on Wednesday, February 18th. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. Raymond James Financial set a $325.00 target price on Vulcan Materials in a report on Thursday, April 30th. Wells Fargo & Company increased their price target on shares of Vulcan Materials from $305.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Seven research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $330.58.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.