Goepper Burkhardt LLC Sells 573 Shares of Vulcan Materials (NYSE:VMC)

Goepper Burkhardt LLC decreased its position in Vulcan Materials (NYSE:VMC) by 17.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,783 shares of the construction company’s stock after selling 573 shares during the period. Goepper Burkhardt LLC’s holdings in Vulcan Materials were worth $716,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Norges Bank acquired a new stake in shares of Vulcan Materials in the 4th quarter valued at approximately $380,369,000. Principal Financial Group Inc. boosted its position in shares of Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after acquiring an additional 884,580 shares during the period. Proficio Capital Partners LLC grew its stake in shares of Vulcan Materials by 28,529.4% in the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company’s stock valued at $134,694,000 after acquiring an additional 521,802 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Vulcan Materials in the fourth quarter valued at about $74,760,000. Finally, HighTower Advisors LLC increased its position in Vulcan Materials by 125.0% during the fourth quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company’s stock worth $86,425,000 after acquiring an additional 186,641 shares during the period. Institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. 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 report on Wednesday, February 19th. Morgan Stanley raised their price target on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Citigroup cut 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. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, Raymond James lowered their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $302.67.

Vulcan Materials Stock Down 2.0 %

Shares of NYSE VMC opened at $232.90 on Monday. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31. 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’s 50 day moving average price is $253.92 and its 200-day moving average price is $260.80. The company has a market capitalization of $30.81 billion, a P/E ratio of 34.00, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 12.83% and a net margin of 12.30%. During the same period in the previous year, the company posted $1.46 earnings per share. Equities analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is 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.