Farther Finance Advisors LLC Has $340,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Farther Finance Advisors LLC trimmed its holdings in Vulcan Materials (NYSE:VMC) by 18.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,322 shares of the construction company’s stock after selling 306 shares during the quarter. Farther Finance Advisors LLC’s holdings in Vulcan Materials were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in VMC. Principal Financial Group Inc. raised its holdings in shares of Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after buying an additional 884,580 shares during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Vulcan Materials by 28,529.4% in the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company’s stock valued at $134,694,000 after buying an additional 521,802 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Vulcan Materials in the fourth quarter valued at about $74,760,000. HighTower Advisors LLC raised its holdings in shares of Vulcan Materials by 125.0% in the fourth quarter. HighTower Advisors LLC now owns 335,984 shares of the construction company’s stock valued at $86,425,000 after buying an additional 186,641 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Vulcan Materials by 32.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock valued at $184,353,000 after buying an additional 178,634 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $235.29 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. The stock has a market cap of $31.08 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The stock has a 50-day moving average of $257.85 and a 200-day moving average of $260.69. Vulcan Materials has a one year low of $215.08 and a one year high of $298.31.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating 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 company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the prior year, the business posted $1.46 EPS. As a group, sell-side analysts expect that Vulcan Materials will post 8.69 earnings per share for the current year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change 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 payout ratio is currently 28.61%.

Wall Street Analysts Forecast Growth

VMC has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. Stephens reissued an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Stifel Nicolaus began coverage on Vulcan Materials in a report on Tuesday, March 4th. They set a “buy” rating and a $287.00 price objective for the company. Raymond James dropped their price objective 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, Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 19th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $303.08.

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.