Highview Capital Management LLC DE Invests $1 Million in Vulcan Materials (NYSE:VMC)

Highview Capital Management LLC DE purchased a new stake in Vulcan Materials (NYSE:VMC) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,898 shares of the construction company’s stock, valued at approximately $1,003,000.

Several other institutional investors have also bought and sold shares of VMC. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials in the 3rd quarter valued at $30,000. Concord Wealth Partners acquired a new position in Vulcan Materials in the third quarter valued at about $35,000. Washington Trust Advisors Inc. grew its stake in Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after buying an additional 113 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Vulcan Materials during the third quarter worth approximately $42,000. Finally, UMB Bank n.a. raised its stake in shares of Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VMC. Raymond James decreased their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research report on Thursday, January 16th. Stephens restated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Citigroup dropped their target price on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials currently has an average rating of “Moderate Buy” and an average target price of $301.18.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $270.58 on Monday. The firm has a fifty day moving average of $267.64 and a two-hundred day moving average of $261.49. The stock has a market capitalization of $35.73 billion, a price-to-earnings ratio of 42.68, a PEG 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. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.49 dividend. 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 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.