Amalgamated Bank Has $6.79 Million Holdings in Vulcan Materials (NYSE:VMC)

Amalgamated Bank decreased its holdings in Vulcan Materials (NYSE:VMC) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,397 shares of the construction company’s stock after selling 786 shares during the period. Amalgamated Bank’s holdings in Vulcan Materials were worth $6,790,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its stake in 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 acquiring an additional 36 shares during the last quarter. United Asset Strategies Inc. raised its stake in Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after acquiring an additional 39 shares in the last quarter. Howard Capital Management Inc. lifted its holdings in shares of Vulcan Materials by 5.2% in the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock worth $233,000 after acquiring an additional 45 shares during the last quarter. Golden State Equity Partners boosted its stake in shares of Vulcan Materials by 4.5% in the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock valued at $275,000 after purchasing an additional 47 shares in the last quarter. Finally, Valley Brook Capital Group Inc. grew its holdings in shares of Vulcan Materials by 5.1% during the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock valued at $257,000 after purchasing an additional 50 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on VMC. Raymond James dropped their price objective 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. Stephens reiterated an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Royal Bank of Canada boosted their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 19th. StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, Morgan Stanley boosted their target price on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Monday. Five research analysts have rated the stock with a hold rating and eight have issued 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 $304.55.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $250.36 on Thursday. The business has a 50-day simple moving average of $264.94 and a 200 day simple moving average of $261.65. Vulcan Materials has a one year low of $225.36 and a one year high of $298.31. 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 firm has a market capitalization of $33.06 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last released 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. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. On average, research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.49 per share. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.96 annualized dividend and a yield of 0.78%. Vulcan Materials’s dividend payout ratio is presently 28.61%.

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.