NEOS Investment Management LLC Buys 6,284 Shares of Vulcan Materials (NYSE:VMC)

NEOS Investment Management LLC boosted its stake in shares of Vulcan Materials (NYSE:VMC) by 27.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,521 shares of the construction company’s stock after acquiring an additional 6,284 shares during the quarter. NEOS Investment Management LLC’s holdings in Vulcan Materials were worth $7,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Murphy & Mullick Capital Management Corp bought a new position in shares of Vulcan Materials in the fourth quarter worth approximately $30,000. SBI Securities Co. Ltd. purchased a new stake in Vulcan Materials during the 4th quarter valued at $31,000. Generali Asset Management SPA SGR bought a new stake in Vulcan Materials in the 4th quarter worth $32,000. UMB Bank n.a. increased its position in shares of 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 during the period. Finally, Washington Trust Advisors Inc. raised its stake in shares of Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock valued at $54,000 after acquiring an additional 48 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VMC has been the topic of several recent analyst reports. Morgan Stanley raised their target price on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Stifel Nicolaus began coverage on Vulcan Materials in a research report on Tuesday, March 4th. They issued a “buy” rating and a $287.00 price objective on the stock. Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a report on Friday, March 21st. Citigroup cut their price target on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Finally, Raymond James decreased their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a report on Thursday, January 16th. Three investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $302.67.

Vulcan Materials Stock Down 1.7 %

Shares of Vulcan Materials stock opened at $236.97 on Thursday. The firm has a market cap of $31.31 billion, a price-to-earnings ratio of 34.59, a PEG ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. Vulcan Materials has a 1 year low of $215.08 and a 1 year high of $298.31. The company has a 50-day moving average of $255.29 and a 200 day moving average of $260.56.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the firm posted $1.46 EPS. As a group, sell-side analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, March 10th. 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 0.83%. Vulcan Materials’s dividend payout ratio (DPR) 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.