Vulcan Materials (NYSE:VMC) Shares Sold by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 1.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,230 shares of the construction company’s stock after selling 45 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Vulcan Materials were worth $865,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VMC. Murphy & Mullick Capital Management Corp bought a new stake in shares of Vulcan Materials in the 4th quarter worth approximately $30,000. SBI Securities Co. Ltd. bought a new stake in Vulcan Materials in the fourth quarter valued at $31,000. Generali Asset Management SPA SGR bought a new stake in Vulcan Materials in the fourth quarter valued at $32,000. UMB Bank n.a. boosted its holdings in shares of Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after acquiring an additional 108 shares during the period. Finally, Washington Trust Advisors Inc. grew its position in shares of Vulcan Materials by 30.0% during 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. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

NYSE:VMC opened at $237.26 on Wednesday. The company has a 50-day moving average of $252.42 and a 200-day moving average of $260.78. The firm has a market cap of $31.38 billion, a price-to-earnings ratio of 34.64, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. The firm had revenue of $1.85 billion during 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 period last year, the firm posted $1.46 earnings per share. Analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.49 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.83%. Vulcan Materials’s payout ratio is 28.61%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Stephens reissued an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Seaport Res Ptn upgraded Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Nicolaus started coverage on Vulcan Materials in a research report on Tuesday, March 4th. They issued a “buy” rating and a $287.00 target price on the stock. Loop Capital cut their target price on Vulcan Materials from $325.00 to $320.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Royal Bank of Canada increased their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. Three equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $305.58.

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.