TD Private Client Wealth LLC Sells 8,870 Shares of Vulcan Materials (NYSE:VMC)

TD Private Client Wealth LLC cut its stake in shares of Vulcan Materials (NYSE:VMC) by 83.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,790 shares of the construction company’s stock after selling 8,870 shares during the period. TD Private Client Wealth LLC’s holdings in Vulcan Materials were worth $460,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new position in shares of Vulcan Materials during the 4th quarter valued at about $31,000. Generali Asset Management SPA SGR purchased a new position in Vulcan Materials during the fourth quarter valued at approximately $32,000. UMB Bank n.a. boosted its position in shares of Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after purchasing an additional 108 shares during the period. Washington Trust Advisors Inc. boosted its position in shares of Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock worth $54,000 after purchasing an additional 48 shares during the period. Finally, FSA Wealth Management LLC purchased a new stake in shares of Vulcan Materials in the third quarter worth $57,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $241.31 on Tuesday. The firm has a fifty day simple moving average of $256.29 and a two-hundred day simple moving average of $260.66. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $31.88 billion, a P/E ratio of 35.23, a PEG ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.41. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same period in the previous year, the firm posted $1.46 earnings per share. On average, 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 was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.49 dividend. The ex-dividend date was Monday, March 10th. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a yield of 0.81%. Vulcan Materials’s dividend payout ratio (DPR) is currently 28.61%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VMC. Citigroup lowered their target price 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. Morgan Stanley upped their price objective on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Raymond James decreased their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. JPMorgan Chase & Co. upgraded Vulcan Materials from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $290.00 to $285.00 in a research note on Wednesday, March 19th. Finally, Royal Bank of Canada lifted 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. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.67.

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.