Versor Investments LP Acquires New Stake in Vulcan Materials (NYSE:VMC)

Versor Investments LP bought a new position in shares of Vulcan Materials (NYSE:VMC) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 1,045 shares of the construction company’s stock, valued at approximately $269,000.

Other institutional investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in shares of Vulcan Materials during the third quarter worth about $30,000. Washington Trust Advisors Inc. raised its holdings in Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after purchasing an additional 113 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials in the 3rd quarter worth approximately $42,000. UMB Bank n.a. boosted its stake in shares of Vulcan Materials by 138.5% in the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after purchasing an additional 108 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth $57,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on VMC shares. Stephens restated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a report on Thursday, January 2nd. UBS Group began coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective for the company. Royal Bank of Canada upped their target price on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 19th. Morgan Stanley lifted their target price on Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. Finally, Citigroup cut their price target on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $304.55.

Vulcan Materials Trading Down 3.2 %

NYSE VMC opened at $239.31 on Tuesday. 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 $225.36 and a 52 week high of $298.31. The business has a 50 day moving average price of $263.85 and a 200-day moving average price of $261.78. The company has a market cap of $31.62 billion, a price-to-earnings ratio of 34.94, a P/E/G ratio of 2.03 and a beta of 0.84.

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

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a dividend of $0.49 per share. The ex-dividend date is 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 0.82%. 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.