Family Legacy Inc. Buys 65 Shares of Vulcan Materials (NYSE:VMC)

Family Legacy Inc. grew its stake in Vulcan Materials (NYSE:VMC) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,251 shares of the construction company’s stock after acquiring an additional 65 shares during the period. Vulcan Materials accounts for 2.0% of Family Legacy Inc.’s holdings, making the stock its 11th biggest holding. Family Legacy Inc.’s holdings in Vulcan Materials were worth $5,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of VMC. Murphy & Mullick Capital Management Corp purchased a new position in Vulcan Materials during the 4th quarter worth $30,000. SBI Securities Co. Ltd. bought a new stake in shares of Vulcan Materials in the fourth quarter valued at about $31,000. Generali Asset Management SPA SGR purchased a new stake in Vulcan Materials in the fourth quarter worth about $32,000. UMB Bank n.a. grew its holdings in Vulcan Materials by 138.5% during the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after acquiring an additional 108 shares in the last quarter. Finally, Washington Trust Advisors Inc. increased its position in Vulcan Materials by 30.0% during 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 during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

VMC opened at $232.90 on Monday. The stock has a market cap of $30.81 billion, a P/E ratio of 34.00, a P/E/G ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The firm has a fifty day moving average price of $253.92 and a 200 day moving average price of $260.80. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the firm posted $1.46 earnings per share. Equities research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.49 dividend. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.84%. The ex-dividend date was Monday, March 10th. Vulcan Materials’s dividend payout ratio (DPR) is presently 28.61%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Citigroup reduced their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Morgan Stanley lifted their target price 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. Stifel Nicolaus initiated coverage on shares of Vulcan Materials in a research report on Tuesday, March 4th. They set a “buy” rating and a $287.00 price target for the company. Finally, Seaport Res Ptn raised shares of Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $302.67.

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.