New Age Alpha Advisors LLC Grows Stake in Vulcan Materials Company $VMC

New Age Alpha Advisors LLC raised its stake in Vulcan Materials Company (NYSE:VMC) by 37.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,243 shares of the construction company’s stock after acquiring an additional 8,016 shares during the quarter. New Age Alpha Advisors LLC’s holdings in Vulcan Materials were worth $8,341,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMC. Brighton Jones LLC purchased a new position in Vulcan Materials in the fourth quarter valued at about $497,000. NewEdge Advisors LLC lifted its stake in shares of Vulcan Materials by 3.9% during 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 in the last quarter. Empowered Funds LLC lifted its stake in shares of Vulcan Materials by 6.3% during 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 in the last quarter. Focus Partners Wealth lifted its stake in shares of Vulcan Materials by 28.5% during 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 in the last quarter. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Vulcan Materials by 31.5% during 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 in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Vulcan Materials Stock Performance

Vulcan Materials stock opened at $260.78 on Monday. The firm’s fifty day moving average price is $278.81 and its 200-day moving average price is $290.98. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The stock has a market cap of $33.84 billion, a P/E ratio of 31.01, a price-to-earnings-growth ratio of 1.89 and a beta of 1.09. Vulcan Materials Company has a fifty-two week low of $252.35 and a fifty-two week high of $331.09.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the company posted $1.00 EPS. On average, equities research analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.52 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.8%. Vulcan Materials’s dividend payout ratio (DPR) is 24.73%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VMC. Raymond James Financial set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, April 30th. Citigroup dropped their price target on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. restated a “neutral” rating and set a $320.00 price target (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Finally, Stephens upped their price target on shares of Vulcan Materials from $330.00 to $340.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average price target of $330.58.

Vulcan Materials Company 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.