Proficio Capital Partners LLC Raises Stake in Vulcan Materials (NYSE:VMC)

Proficio Capital Partners LLC boosted its holdings in Vulcan Materials (NYSE:VMC) by 28,529.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 523,631 shares of the construction company’s stock after acquiring an additional 521,802 shares during the quarter. Proficio Capital Partners LLC’s holdings in Vulcan Materials were worth $134,694,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 13.9% in the 4th quarter. Principal Financial Group Inc. now owns 6,062,201 shares of the construction company’s stock worth $1,559,380,000 after buying an additional 741,631 shares during the last quarter. State Street Corp boosted its holdings in Vulcan Materials by 1.2% in the third quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock worth $1,322,546,000 after acquiring an additional 65,163 shares in the last quarter. FMR LLC grew its stake in shares of Vulcan Materials by 2.2% in the third quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock worth $916,807,000 after acquiring an additional 78,271 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Vulcan Materials by 1.0% during the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock valued at $826,644,000 after acquiring an additional 33,061 shares in the last quarter. Finally, Stockbridge Partners LLC raised its position in shares of Vulcan Materials by 9.6% in the 3rd quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company’s stock worth $392,815,000 after purchasing an additional 137,365 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Stephens reissued an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Citigroup lowered their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Raymond James reduced 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. Finally, StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $304.55.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $250.36 on Thursday. The firm’s 50 day moving average price is $264.94 and its 200-day moving average price is $261.65. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $33.06 billion, a PE ratio of 36.55, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.41. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same quarter last year, the company posted $1.46 EPS. Equities research analysts expect that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.78%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio (DPR) is 28.61%.

About Vulcan Materials

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.