Rhumbline Advisers Buys 29,276 Shares of Vulcan Materials (NYSE:VMC)

Rhumbline Advisers increased its stake in Vulcan Materials (NYSE:VMCGet Rating) by 13.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 241,023 shares of the construction company’s stock after purchasing an additional 29,276 shares during the quarter. Rhumbline Advisers’ holdings in Vulcan Materials were worth $34,249,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Industrial Alliance Investment Management Inc. increased its stake in shares of Vulcan Materials by 2.6% in the 2nd quarter. Industrial Alliance Investment Management Inc. now owns 2,466 shares of the construction company’s stock valued at $350,000 after acquiring an additional 63 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Vulcan Materials by 20.4% in the 1st quarter. EverSource Wealth Advisors LLC now owns 413 shares of the construction company’s stock valued at $76,000 after acquiring an additional 70 shares in the last quarter. Brighton Jones LLC increased its stake in shares of Vulcan Materials by 4.1% in the 2nd quarter. Brighton Jones LLC now owns 1,840 shares of the construction company’s stock valued at $261,000 after acquiring an additional 72 shares in the last quarter. Moors & Cabot Inc. increased its stake in shares of Vulcan Materials by 6.9% in the 1st quarter. Moors & Cabot Inc. now owns 1,165 shares of the construction company’s stock valued at $214,000 after acquiring an additional 75 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Vulcan Materials by 3.9% in the 2nd quarter. Park Avenue Securities LLC now owns 2,040 shares of the construction company’s stock valued at $290,000 after acquiring an additional 76 shares in the last quarter. Institutional investors own 90.25% of the company’s stock.

Vulcan Materials Price Performance

VMC opened at $182.28 on Thursday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.71 and a quick ratio of 1.31. The company has a market capitalization of $24.23 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 2.58 and a beta of 0.77. The firm’s fifty day moving average price is $163.33 and its two-hundred day moving average price is $161.55. Vulcan Materials has a 1 year low of $137.54 and a 1 year high of $213.65.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 5th. Shareholders of record on Tuesday, November 15th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Monday, November 14th. Vulcan Materials’s dividend payout ratio is 35.96%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VMC. Citigroup lowered their price objective on shares of Vulcan Materials from $199.00 to $189.00 and set a “buy” rating for the company in a research note on Monday, October 10th. StockNews.com initiated coverage on shares of Vulcan Materials in a research report on Wednesday, October 12th. They issued a “hold” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of Vulcan Materials from $170.00 to $185.00 and gave the company a “neutral” rating in a research report on Thursday, September 22nd. Vertical Research raised shares of Vulcan Materials from a “hold” rating to a “buy” rating in a research report on Monday, September 12th. Finally, Morgan Stanley lifted their price target on shares of Vulcan Materials from $175.00 to $181.00 and gave the company an “equal weight” rating in a research report on Thursday, November 3rd. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $202.00.

Vulcan Materials Profile

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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 Aggregates segment 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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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