Vulcan Materials (NYSE:VMC) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its stake in Vulcan Materials (NYSE:VMC) by 37.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,265 shares of the construction company’s stock after buying an additional 6,010 shares during the period. Rockefeller Capital Management L.P.’s holdings in Vulcan Materials were worth $5,732,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Sterling Capital Management LLC raised its stake in shares of Vulcan Materials by 13.7% in the 4th quarter. Sterling Capital Management LLC now owns 24,465 shares of the construction company’s stock valued at $6,293,000 after acquiring an additional 2,950 shares during the period. Heritage Trust Co acquired a new position in Vulcan Materials during the fourth quarter worth $1,013,000. Argent Trust Co boosted its position in shares of Vulcan Materials by 3.1% during the fourth quarter. Argent Trust Co now owns 13,472 shares of the construction company’s stock worth $3,465,000 after buying an additional 409 shares during the period. Treasurer of the State of North Carolina grew its stake in shares of Vulcan Materials by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 58,196 shares of the construction company’s stock valued at $14,970,000 after buying an additional 370 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of Vulcan Materials by 3.4% in the 4th quarter. Bessemer Group Inc. now owns 8,623 shares of the construction company’s stock valued at $2,219,000 after buying an additional 283 shares during the period. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wolfe Research upgraded Vulcan Materials from a “peer perform” rating to an “outperform” rating in a report on Thursday, April 10th. Seaport Res Ptn upgraded shares of Vulcan Materials to a “strong-buy” rating in a report on Friday, March 21st. Citigroup reiterated a “buy” rating on shares of Vulcan Materials in a report on Monday, March 24th. Royal Bank of Canada boosted their price target on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. Finally, Raymond James decreased their target price on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Four equities 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $295.75.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $241.86 on Friday. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The firm’s 50 day moving average is $242.02 and its two-hundred day moving average is $259.35. The firm has a market capitalization of $31.99 billion, a P/E ratio of 35.31, a P/E/G ratio of 2.03 and a beta of 0.80.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.81 billion. During the same period last year, the firm posted $1.46 EPS. Research analysts forecast that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.49 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.81%. The ex-dividend date was Monday, March 10th. Vulcan Materials’s payout ratio is presently 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.