Rhumbline Advisers Lowers Position in Vulcan Materials (NYSE:VMC)

Rhumbline Advisers lessened its holdings in Vulcan Materials (NYSE:VMC) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 247,332 shares of the construction company’s stock after selling 2,833 shares during the period. Rhumbline Advisers owned approximately 0.19% of Vulcan Materials worth $63,621,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of VMC. Principal Financial Group Inc. increased its position in 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 worth $1,332,431,000 after purchasing an additional 884,580 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Vulcan Materials by 18.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after purchasing an additional 330,433 shares during the last quarter. Ceredex Value Advisors LLC increased its position in Vulcan Materials by 136.3% in the third quarter. Ceredex Value Advisors LLC now owns 355,857 shares of the construction company’s stock worth $89,117,000 after purchasing an additional 205,260 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 worth $184,353,000 after purchasing an additional 178,634 shares during the last quarter. Finally, Artemis Investment Management LLP increased its position in Vulcan Materials by 67.9% in the fourth quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock worth $103,434,000 after purchasing an additional 162,567 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on VMC shares. Stephens restated an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Barclays boosted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $301.18.

Vulcan Materials Stock Up 0.5 %

Shares of VMC opened at $270.58 on Monday. The firm has a market capitalization of $35.73 billion, a P/E ratio of 42.68, a P/E/G ratio of 2.14 and a beta of 0.84. Vulcan Materials has a 12-month low of $225.36 and a 12-month high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The firm has a fifty day moving average price of $267.64 and a 200-day moving average price of $261.49.

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 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 dividend on an annualized basis and a yield of 0.72%. Vulcan Materials’s dividend payout ratio is 29.02%.

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.