Avestar Capital LLC Makes New $207,000 Investment in Vulcan Materials (NYSE:VMC)

Avestar Capital LLC acquired a new stake in shares of Vulcan Materials (NYSE:VMC) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 804 shares of the construction company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials during the 3rd quarter valued at about $30,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the third quarter worth about $35,000. Washington Trust Advisors Inc. increased 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 in the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials during the third quarter valued at about $42,000. Finally, UMB Bank n.a. raised its position in shares of Vulcan Materials by 138.5% in the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after purchasing an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Truist Financial upped their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Stephens reissued an “overweight” rating and issued a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $301.18.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $270.58 on Friday. The company has a market capitalization of $35.73 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The company’s fifty day moving average price is $267.64 and its 200 day moving average price is $261.55. Vulcan Materials has a 1 year low of $225.36 and a 1 year high of $298.31.

Vulcan Materials Increases Dividend

The firm 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 dividend of $0.49 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.72%. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

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.