Schechter Investment Advisors LLC Sells 397 Shares of Vulcan Materials (NYSE:VMC)

Schechter Investment Advisors LLC lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,811 shares of the construction company’s stock after selling 397 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Vulcan Materials were worth $3,038,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. lifted its stake in shares of Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after buying an additional 36 shares in the last quarter. Howard Capital Management Inc. lifted its stake in shares of Vulcan Materials by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock worth $233,000 after buying an additional 45 shares in the last quarter. Valley Brook Capital Group Inc. lifted its stake in shares of Vulcan Materials by 5.1% in the third quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after buying an additional 50 shares in the last quarter. Huntington National Bank lifted its stake in shares of Vulcan Materials by 2.3% in the third quarter. Huntington National Bank now owns 2,268 shares of the construction company’s stock worth $568,000 after buying an additional 52 shares in the last quarter. Finally, New York Life Investment Management LLC lifted its stake in shares of Vulcan Materials by 0.3% in the fourth quarter. New York Life Investment Management LLC now owns 19,618 shares of the construction company’s stock worth $5,046,000 after buying an additional 55 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

VMC has been the topic of several analyst reports. Raymond James dropped their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Royal Bank of Canada boosted their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a report on Wednesday, February 19th. Finally, Stephens reissued an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $304.55.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $247.55 on Monday. The firm has a market cap of $32.70 billion, a PE ratio of 36.14, a PEG ratio of 2.03 and a beta of 0.84. The firm has a fifty day moving average of $264.32 and a 200 day moving average of $261.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. Vulcan Materials has a one year low of $225.36 and a one year high of $298.31.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (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 company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company posted $1.46 EPS. As a group, research analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a dividend of $0.49 per share. The ex-dividend date is Monday, March 10th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 0.79%. Vulcan Materials’s dividend payout ratio 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.