Andra AP fonden Sells 28,900 Shares of Vulcan Materials (NYSE:VMC)

Andra AP fonden decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 88.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,700 shares of the construction company’s stock after selling 28,900 shares during the period. Andra AP fonden’s holdings in Vulcan Materials were worth $952,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in shares of Vulcan Materials by 16.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after acquiring an additional 36 shares during the last quarter. Howard Capital Management Inc. increased its position in shares of Vulcan Materials by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock valued at $233,000 after buying an additional 45 shares in the last quarter. Washington Trust Advisors Inc. increased its position in shares of Vulcan Materials by 30.0% in the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock valued at $54,000 after buying an additional 48 shares in the last quarter. Huntington National Bank increased its position in shares of Vulcan Materials by 2.3% in the 3rd quarter. Huntington National Bank now owns 2,268 shares of the construction company’s stock valued at $568,000 after buying an additional 52 shares in the last quarter. Finally, New York Life Investment Management LLC increased its position in shares of Vulcan Materials by 0.3% in the 4th quarter. New York Life Investment Management LLC now owns 19,618 shares of the construction company’s stock valued at $5,046,000 after buying an additional 55 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on VMC. Morgan Stanley upped their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Monday, February 24th. JPMorgan Chase & Co. upped their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Citigroup lowered 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. Royal Bank of Canada upped their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 19th. Finally, Raymond James lowered their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $303.08.

Vulcan Materials Trading Down 5.8 %

Vulcan Materials stock opened at $221.47 on Monday. The firm has a 50-day moving average of $261.37 and a 200-day moving average of $261.43. Vulcan Materials has a one year low of $218.71 and a one year high of $298.31. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The company has a market cap of $29.26 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the prior year, the business posted $1.46 EPS. On average, equities analysts expect that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a $0.49 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Monday, March 10th. Vulcan Materials’s dividend payout ratio is currently 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.