Keybank National Association OH Has $44.14 Million Holdings in Vulcan Materials (NYSE:VMC)

Keybank National Association OH cut its stake in shares of Vulcan Materials (NYSE:VMC) by 37.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 171,580 shares of the construction company’s stock after selling 104,341 shares during the period. Keybank National Association OH’s holdings in Vulcan Materials were worth $44,136,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth $811,000. DAVENPORT & Co LLC increased its stake in Vulcan Materials by 149.4% during the 4th quarter. DAVENPORT & Co LLC now owns 9,393 shares of the construction company’s stock worth $2,416,000 after purchasing an additional 5,627 shares in the last quarter. Smith Group Asset Management LLC acquired a new stake in Vulcan Materials during the 4th quarter worth approximately $514,000. Campbell Newman Asset Management Inc. acquired a new position in shares of Vulcan Materials in the fourth quarter valued at approximately $15,719,000. Finally, Franklin Resources Inc. increased its position in shares of Vulcan Materials by 284.9% during the third quarter. Franklin Resources Inc. now owns 44,650 shares of the construction company’s stock worth $11,104,000 after acquiring an additional 33,051 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VMC. Stephens restated an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Citigroup lowered their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research note on Monday, January 6th. Raymond James lowered their price target 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. Finally, Royal Bank of Canada lifted their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 19th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $304.55.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $239.31 on Tuesday. The company has a market capitalization of $31.62 billion, a price-to-earnings ratio of 34.94, a PEG ratio of 2.03 and a beta of 0.84. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The company has a 50-day simple moving average of $263.85 and a 200 day simple moving average of $261.78. Vulcan Materials has a 52 week low of $225.36 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC) last announced 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. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same quarter in the previous year, the firm posted $1.46 EPS. On average, sell-side analysts predict that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.49 dividend. The ex-dividend date is Monday, March 10th. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.82%. Vulcan Materials’s payout ratio is presently 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.