Vulcan Materials (NYSE:VMC) Shares Acquired by Savant Capital LLC

Savant Capital LLC grew its holdings in Vulcan Materials (NYSE:VMC) by 24.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,573 shares of the construction company’s stock after acquiring an additional 501 shares during the quarter. Savant Capital LLC’s holdings in Vulcan Materials were worth $662,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Inspire Investing LLC lifted its holdings in shares of Vulcan Materials by 7.6% during the third quarter. Inspire Investing LLC now owns 1,139 shares of the construction company’s stock worth $285,000 after purchasing an additional 80 shares during the period. Exchange Traded Concepts LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth about $213,000. Creative Planning lifted its holdings in shares of Vulcan Materials by 2.3% during the third quarter. Creative Planning now owns 14,238 shares of the construction company’s stock worth $3,566,000 after purchasing an additional 318 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Vulcan Materials by 1.0% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,976 shares of the construction company’s stock worth $4,001,000 after purchasing an additional 160 shares during the period. Finally, V Square Quantitative Management LLC lifted its holdings in shares of Vulcan Materials by 40.5% during the third quarter. V Square Quantitative Management LLC now owns 1,245 shares of the construction company’s stock worth $312,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.5 %

Vulcan Materials stock opened at $270.58 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 12 month low of $225.36 and a 12 month high of $298.31. The stock has a market capitalization of $35.73 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.14 and a beta of 0.84. The business has a 50 day simple moving average of $267.64 and a 200-day simple moving average of $261.55.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 0.72%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s payout ratio is presently 29.02%.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research reports. UBS Group initiated coverage on Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Raymond James decreased their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Truist Financial boosted their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $301.18.

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.