Montag A & Associates Inc. Trims Stock Position in Vulcan Materials (NYSE:VMC)

Montag A & Associates Inc. reduced its stake in Vulcan Materials (NYSE:VMC) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,296 shares of the construction company’s stock after selling 212 shares during the quarter. Montag A & Associates Inc.’s holdings in Vulcan Materials were worth $5,221,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new position in Vulcan Materials in the 3rd quarter valued at $30,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials in the third quarter valued at about $35,000. Washington Trust Advisors Inc. increased its stake in shares of 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 acquiring an additional 113 shares during the period. Capital Performance Advisors LLP purchased a new position in Vulcan Materials during the third quarter worth about $42,000. Finally, UMB Bank n.a. lifted its position in 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 purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

VMC stock opened at $270.58 on Friday. The company has a market capitalization of $35.73 billion, a price-to-earnings ratio of 42.68, a P/E/G ratio of 2.14 and a beta of 0.84. The firm has a 50 day moving average of $267.64 and a two-hundred day moving average of $261.55. Vulcan Materials has a 12 month low of $225.36 and a 12 month high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.49 per share. 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 dividend yield of 0.72%. Vulcan Materials’s payout ratio is 29.02%.

Analysts Set New Price Targets

VMC has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Truist Financial increased their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Stephens restated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. UBS Group assumed coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Finally, Citigroup dropped their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus price target of $301.18.

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.