Impact Capital Partners LLC Makes New $253,000 Investment in Vulcan Materials (NYSE:VMC)

Impact Capital Partners LLC bought a new position in Vulcan Materials (NYSE:VMC) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 983 shares of the construction company’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials in the 3rd quarter worth $30,000. SBI Securities Co. Ltd. bought a new position in shares of Vulcan Materials during the 4th quarter valued at $31,000. UMB Bank n.a. grew its holdings in shares of Vulcan Materials by 138.5% during 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. Washington Trust Advisors Inc. grew its holdings in shares of 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 last quarter. Finally, FSA Wealth Management LLC bought a new position in shares of Vulcan Materials during the 3rd quarter valued at $57,000. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a report on Tuesday, March 4th. They set a “buy” rating and a $287.00 target price on the stock. Raymond James cut their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Citigroup cut their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Stephens reissued an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, Royal Bank of Canada raised their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $303.08.

Vulcan Materials Trading Up 3.0 %

NYSE:VMC opened at $231.70 on Friday. The company has a 50-day moving average price of $258.29 and a 200-day moving average price of $260.42. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31. 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 $30.61 billion, a price-to-earnings ratio of 33.82, a P/E/G ratio of 2.03 and a beta of 0.80.

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

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 yield of 0.85%. The ex-dividend date of this dividend is Monday, March 10th. Vulcan Materials’s dividend payout ratio (DPR) is 28.61%.

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.