Family Legacy Inc. Increases Position in Vulcan Materials (NYSE:VMC)

Family Legacy Inc. grew its holdings in Vulcan Materials (NYSE:VMC) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 23,251 shares of the construction company’s stock after acquiring an additional 65 shares during the period. Vulcan Materials comprises about 2.0% of Family Legacy Inc.’s investment portfolio, making the stock its 11th biggest holding. Family Legacy Inc.’s holdings in Vulcan Materials were worth $5,935,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Vulcan Materials in the 4th quarter worth $30,000. SBI Securities Co. Ltd. purchased a new stake in shares of Vulcan Materials in the fourth quarter valued at about $31,000. Generali Asset Management SPA SGR acquired a new stake in Vulcan Materials during the fourth quarter worth about $32,000. UMB Bank n.a. increased its position in Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after purchasing an additional 108 shares during the last quarter. Finally, Washington Trust Advisors Inc. raised its stake in 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 purchasing an additional 48 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VMC shares. Morgan Stanley raised their price target on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Monday, February 24th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and lowered their price objective for the stock from $290.00 to $285.00 in a research report on Wednesday, March 19th. Stephens reissued an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research report on Thursday, January 2nd. Royal Bank of Canada increased their price objective on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 19th. Finally, Citigroup dropped their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $302.67.

Vulcan Materials Trading Down 2.0 %

NYSE:VMC opened at $232.90 on Monday. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $30.81 billion, a PE ratio of 34.00, a P/E/G ratio of 2.03 and a beta of 0.80. The stock’s 50 day moving average price is $253.92 and its 200 day moving average price is $260.80. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31.

Vulcan Materials (NYSE:VMC) last posted 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 period in the prior year, the business earned $1.46 EPS. On average, research analysts anticipate that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.49 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials’s dividend payout ratio is currently 28.61%.

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.