Vulcan Materials Company $VMC Stock Holdings Increased by Baker Avenue Asset Management LP

Baker Avenue Asset Management LP lifted its position in Vulcan Materials Company (NYSE:VMC) by 6.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 38,743 shares of the construction company’s stock after buying an additional 2,297 shares during the quarter. Baker Avenue Asset Management LP’s holdings in Vulcan Materials were worth $11,050,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of VMC. Brighton Jones LLC bought a new stake in shares of Vulcan Materials in the 4th quarter worth $497,000. NewEdge Advisors LLC raised its stake in shares of Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after buying an additional 163 shares in the last quarter. Empowered Funds LLC raised its stake in shares of Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after buying an additional 190 shares in the last quarter. Focus Partners Wealth raised its stake in shares of Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after buying an additional 736 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in shares of Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after buying an additional 80 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of a number of analyst reports. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a research note on Thursday, April 30th. DA Davidson decreased their target price on shares of Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating for the company in a report on Wednesday, February 18th. Royal Bank Of Canada lifted their target price on shares of Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Wall Street Zen raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $330.58.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $275.96 on Thursday. The business’s 50-day moving average price is $279.04 and its two-hundred day moving average price is $290.59. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a one year low of $252.35 and a one year high of $331.09. The company has a market capitalization of $35.81 billion, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 1.95 and a beta of 1.09.

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

Vulcan Materials Dividend Announcement

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

Vulcan Materials Company 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.