Whittier Trust Co. of Nevada Inc. Has $54,000 Holdings in Vulcan Materials (NYSE:VMC)

Whittier Trust Co. of Nevada Inc. trimmed its holdings in shares of Vulcan Materials (NYSE:VMC) by 31.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 209 shares of the construction company’s stock after selling 98 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Vulcan Materials were worth $54,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of VMC. Geneos Wealth Management Inc. increased its stake in shares of Vulcan Materials by 16.5% in the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after buying an additional 36 shares in the last quarter. Howard Capital Management Inc. increased its position in Vulcan Materials by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock valued at $233,000 after acquiring an additional 45 shares in the last quarter. Washington Trust Advisors Inc. raised its stake in shares of Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock worth $54,000 after acquiring an additional 48 shares during the last quarter. Sound View Wealth Advisors Group LLC raised its stake in shares of Vulcan Materials by 4.3% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company’s stock worth $301,000 after acquiring an additional 48 shares during the last quarter. Finally, New York Life Investment Management LLC grew its stake in shares of Vulcan Materials by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 19,618 shares of the construction company’s stock valued at $5,046,000 after purchasing an additional 55 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of VMC opened at $241.31 on Tuesday. The firm has a market capitalization of $31.88 billion, a PE ratio of 35.23, a P/E/G ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The stock has a 50 day simple moving average of $256.29 and a 200 day simple moving average of $260.66.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data 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 company had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same period in the prior year, the firm earned $1.46 earnings per share. Sell-side analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.49 dividend. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials’s payout ratio is presently 28.61%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, February 24th. Raymond James dropped their price target on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating for the company in a research note on Thursday, January 16th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and reduced their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Stephens reiterated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Finally, Royal Bank of Canada raised their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research report on Wednesday, February 19th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $302.67.

Vulcan Materials 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.