Strategic Wealth Partners Ltd. Purchases 4,696 Shares of Vulcan Materials (NYSE:VMC)

Strategic Wealth Partners Ltd. lifted its position in shares of Vulcan Materials (NYSE:VMC) by 27.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 22,006 shares of the construction company’s stock after purchasing an additional 4,696 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Vulcan Materials were worth $5,927,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Murphy & Mullick Capital Management Corp bought a new position in Vulcan Materials during the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. bought a new position in shares of Vulcan Materials during the fourth quarter valued at approximately $31,000. Generali Asset Management SPA SGR purchased a new stake in Vulcan Materials in the fourth quarter worth $32,000. Kapitalo Investimentos Ltda bought a new stake in Vulcan Materials in the fourth quarter valued at $35,000. Finally, UMB Bank n.a. boosted its holdings 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 acquiring an additional 108 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Up 1.7%

Shares of NYSE:VMC opened at $275.64 on Friday. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $245.72 and a two-hundred day simple moving average of $260.50. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.31. The stock has a market capitalization of $36.41 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.20. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the company earned $0.80 earnings per share. On average, research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Friday, May 23rd will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Friday, May 23rd. Vulcan Materials’s dividend payout ratio (DPR) is 27.80%.

Analyst Ratings Changes

Several brokerages have commented on VMC. Citigroup restated a “buy” rating on shares of Vulcan Materials in a report on Monday, March 24th. Stephens set a $315.00 price target on shares of Vulcan Materials and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Raymond James reduced their target price on Vulcan Materials from $300.00 to $295.00 and set an “outperform” rating on the stock in a report on Tuesday, April 29th. Morgan Stanley raised their target price on Vulcan Materials from $273.00 to $303.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Finally, Royal Bank of Canada lifted their price target on 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 investment analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $302.91.

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.