Bp Plc decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 52.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,780 shares of the construction company’s stock after selling 6,320 shares during the quarter. Bp Plc’s holdings in Vulcan Materials were worth $857,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. Sumitomo Mitsui Financial Group Inc. bought a new position in shares of Vulcan Materials in the third quarter valued at about $27,000. NEXT Financial Group Inc bought a new position in Vulcan Materials in the 3rd quarter valued at about $30,000. Dimension Capital Management LLC acquired a new stake in Vulcan Materials during the third quarter worth approximately $33,000. Exane Derivatives lifted its position in Vulcan Materials by 59.7% during the fourth quarter. Exane Derivatives now owns 321 shares of the construction company’s stock worth $48,000 after acquiring an additional 120 shares during the last quarter. Finally, CI Investments Inc. bought a new stake in shares of Vulcan Materials during the third quarter worth approximately $64,000. 89.82% of the stock is owned by hedge funds and other institutional investors.
Vulcan Materials stock opened at $161.99 on Tuesday. The firm has a market cap of $21.47 billion, a price-to-earnings ratio of 35.29, a PEG ratio of 2.86 and a beta of 0.60. Vulcan Materials has a 52-week low of $65.56 and a 52-week high of $168.24. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 2.12. The firm has a 50 day moving average price of $158.00 and a two-hundred day moving average price of $142.40.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 15th. Stockholders of record on Monday, March 1st will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, February 26th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.34. This represents a $1.48 annualized dividend and a dividend yield of 0.91%. Vulcan Materials’s dividend payout ratio (DPR) is 28.94%.
Several research firms recently issued reports on VMC. Royal Bank of Canada downgraded Vulcan Materials from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 5th. Raymond James assumed coverage on shares of Vulcan Materials in a research report on Wednesday, February 3rd. They issued a “market perform” rating for the company. The Goldman Sachs Group lowered shares of Vulcan Materials from a “buy” rating to a “neutral” rating and set a $155.00 price target on the stock. in a research report on Thursday, November 19th. Morgan Stanley lifted their price objective on shares of Vulcan Materials from $150.00 to $161.00 and gave the stock an “equal weight” rating in a research note on Friday, January 22nd. Finally, Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 6th. Fifteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $143.50.
Vulcan Materials Profile
Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment 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.
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