Farther Finance Advisors LLC Has $340,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Farther Finance Advisors LLC cut its holdings in Vulcan Materials (NYSE:VMC) by 18.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,322 shares of the construction company’s stock after selling 306 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vulcan Materials were worth $340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of VMC. Principal Financial Group Inc. boosted its position in Vulcan Materials by 19.9% during the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after acquiring an additional 884,580 shares during the last quarter. GSA Capital Partners LLP boosted its position in Vulcan Materials by 78.9% during the 3rd quarter. GSA Capital Partners LLP now owns 2,170 shares of the construction company’s stock worth $543,000 after acquiring an additional 957 shares during the last quarter. Prime Capital Investment Advisors LLC boosted its position in Vulcan Materials by 11.0% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 1,113 shares of the construction company’s stock worth $279,000 after acquiring an additional 110 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in Vulcan Materials by 4.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 5,722 shares of the construction company’s stock worth $1,433,000 after acquiring an additional 237 shares during the last quarter. Finally, OneDigital Investment Advisors LLC boosted its position in Vulcan Materials by 8.0% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,546 shares of the construction company’s stock worth $387,000 after acquiring an additional 114 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 1.7 %

VMC opened at $235.29 on Tuesday. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. The stock’s fifty day simple moving average is $257.85 and its 200 day simple moving average is $260.69. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The stock has a market cap of $31.08 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80.

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

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders 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. The ex-dividend date is Monday, March 10th. This represents a $1.96 annualized dividend and a yield of 0.83%. Vulcan Materials’s dividend payout ratio (DPR) is presently 28.61%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VMC. Raymond James reduced their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Stifel Nicolaus assumed coverage on Vulcan Materials in a research report on Tuesday, March 4th. They set a “buy” rating and a $287.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Stephens reiterated an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a research note on Thursday, January 2nd. Finally, Citigroup dropped their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Four investment 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 a consensus target price of $303.08.

Vulcan Materials Company 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.