Impact Investors Inc Takes $407,000 Position in Vulcan Materials (NYSE:VMC)

Impact Investors Inc purchased a new position in Vulcan Materials (NYSE:VMC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,582 shares of the construction company’s stock, valued at approximately $407,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials during the 3rd quarter valued at $30,000. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the third quarter worth about $35,000. Washington Trust Advisors Inc. grew its stake in shares of Vulcan Materials by 240.4% in the third 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 purchased a new position in Vulcan Materials during the 3rd quarter valued at about $42,000. Finally, UMB Bank n.a. lifted its holdings in Vulcan Materials by 138.5% in the 4th quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after buying an additional 108 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Down 0.7 %

Vulcan Materials stock opened at $249.77 on Wednesday. Vulcan Materials has a 12 month low of $225.36 and a 12 month high of $298.31. The company has a market capitalization of $32.98 billion, a price-to-earnings ratio of 36.46, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The business’s fifty day simple moving average is $265.23 and its two-hundred day simple moving average is $261.73. 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 (NYSE:VMC) last announced its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating the consensus estimate of $1.76 by $0.41. The company had revenue of $1.85 billion for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $1.46 EPS. As a group, equities analysts predict that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors 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 represents a $1.96 annualized dividend and a dividend yield of 0.78%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio (DPR) is 28.61%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on VMC. 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 report on Wednesday, February 19th. Truist Financial raised their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays boosted their price target 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. Citigroup cut their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $304.55.

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.