Vulcan Materials Company $VMC Shares Acquired by IFP Advisors Inc

IFP Advisors Inc grew its stake in Vulcan Materials Company (NYSE:VMC) by 500.7% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 8,013 shares of the construction company’s stock after purchasing an additional 6,679 shares during the period. IFP Advisors Inc’s holdings in Vulcan Materials were worth $2,285,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of VMC. Brighton Jones LLC acquired a new position in shares of Vulcan Materials in the 4th quarter valued at about $497,000. NewEdge Advisors LLC lifted its holdings in shares of Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock valued at $1,017,000 after buying an additional 163 shares during the period. Empowered Funds LLC lifted its holdings in shares of Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock valued at $745,000 after buying an additional 190 shares during the period. Focus Partners Wealth lifted its holdings in shares of Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock valued at $775,000 after buying an additional 736 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock valued at $78,000 after buying an additional 80 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

NYSE:VMC opened at $260.78 on Friday. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09. The stock has a 50 day moving average of $278.81 and a two-hundred day moving average of $290.96. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market cap of $33.84 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.90 and a beta of 1.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the business earned $1.00 EPS. Vulcan Materials’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Vulcan Materials Company will post 9.29 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 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s payout ratio is 24.73%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Raymond James Financial set a $325.00 price objective on Vulcan Materials in a report on Thursday, April 30th. Zacks Research raised Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. Wells Fargo & Company boosted their price objective on Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Stifel Nicolaus set a $333.00 price objective on Vulcan Materials in a report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $330.58.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.