Vulcan Materials (VMC) Shares Sold by Creative Planning

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Creative Planning decreased its stake in Vulcan Materials (NYSE:VMC) by 4.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,738 shares of the construction company’s stock after selling 387 shares during the quarter. Creative Planning’s holdings in Vulcan Materials were worth $765,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. State of Alaska Department of Revenue raised its holdings in shares of Vulcan Materials by 0.5% during the 4th quarter. State of Alaska Department of Revenue now owns 23,039 shares of the construction company’s stock valued at $2,274,000 after purchasing an additional 119 shares in the last quarter. Patten & Patten Inc. TN raised its holdings in shares of Vulcan Materials by 1.5% during the 4th quarter. Patten & Patten Inc. TN now owns 8,504 shares of the construction company’s stock valued at $840,000 after purchasing an additional 125 shares in the last quarter. First Personal Financial Services raised its holdings in shares of Vulcan Materials by 74.5% during the 4th quarter. First Personal Financial Services now owns 342 shares of the construction company’s stock valued at $34,000 after purchasing an additional 146 shares in the last quarter. Moody National Bank Trust Division raised its holdings in shares of Vulcan Materials by 0.7% during the 4th quarter. Moody National Bank Trust Division now owns 24,758 shares of the construction company’s stock valued at $2,446,000 after purchasing an additional 178 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its holdings in shares of Vulcan Materials by 0.8% during the 4th quarter. Oppenheimer & Co. Inc. now owns 28,160 shares of the construction company’s stock valued at $2,782,000 after purchasing an additional 237 shares in the last quarter. Institutional investors own 97.70% of the company’s stock.

Shares of VMC opened at $105.89 on Thursday. The firm has a market capitalization of $13.91 billion, a P/E ratio of 34.83, a PEG ratio of 0.96 and a beta of 0.93. Vulcan Materials has a one year low of $82.52 and a one year high of $134.44. The company has a current ratio of 1.70, a quick ratio of 1.11 and a debt-to-equity ratio of 0.54.

The business also recently declared a quarterly dividend, which will be paid on Friday, March 8th. Shareholders of record on Friday, February 22nd will be given a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 1.17%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, February 21st. Vulcan Materials’s dividend payout ratio (DPR) is currently 36.84%.

A number of research firms have recently weighed in on VMC. ValuEngine upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. TheStreet upgraded shares of Vulcan Materials from a “c+” rating to a “b-” rating in a report on Friday, February 1st. Citigroup cut their price target on shares of Vulcan Materials from $130.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, October 31st. Bank of America downgraded shares of Vulcan Materials from a “neutral” rating to an “underperform” rating and set a $103.00 price target on the stock. in a report on Wednesday, October 17th. Finally, Nomura upgraded shares of Vulcan Materials from a “neutral” rating to a “buy” rating and raised their price target for the company from $100.00 to $140.00 in a report on Thursday, December 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. Vulcan Materials has an average rating of “Buy” and an average target price of $121.73.

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Vulcan Materials Company Profile

Vulcan Materials Company produces and supplies construction aggregates, asphalt mix, and ready-mixed concrete primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment provides crushed stone, sand and gravel, sand, and other aggregates; and related products and services for use in the 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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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