Keybank National Association OH Has $44.14 Million Stock Position in Vulcan Materials (NYSE:VMC)

Keybank National Association OH decreased its stake in Vulcan Materials (NYSE:VMC) by 37.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 171,580 shares of the construction company’s stock after selling 104,341 shares during the quarter. Keybank National Association OH owned 0.13% of Vulcan Materials worth $44,136,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Chicago Partners Investment Group LLC purchased a new stake in Vulcan Materials in the 3rd quarter worth about $216,000. Janney Montgomery Scott LLC lifted its stake in Vulcan Materials by 2.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 53,087 shares of the construction company’s stock worth $13,295,000 after acquiring an additional 1,373 shares in the last quarter. BSW Wealth Partners lifted its stake in Vulcan Materials by 12.3% in the 3rd quarter. BSW Wealth Partners now owns 1,424 shares of the construction company’s stock worth $357,000 after acquiring an additional 156 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Vulcan Materials by 19.9% in the 3rd quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after acquiring an additional 884,580 shares in the last quarter. Finally, Valley Brook Capital Group Inc. lifted its stake in Vulcan Materials by 5.1% in the 3rd quarter. Valley Brook Capital Group Inc. now owns 1,025 shares of the construction company’s stock worth $257,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

VMC has been the subject of a number of recent research reports. JPMorgan Chase & Co. raised their price target on Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Stephens reaffirmed an “overweight” rating and set a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. Royal Bank of Canada raised 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. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price objective on the stock. Finally, Raymond James cut their price objective on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Five equities 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 company presently has an average rating of “Moderate Buy” and an average price target of $304.55.

Vulcan Materials Price Performance

Shares of NYSE:VMC opened at $239.31 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $31.62 billion, a PE ratio of 34.94, a PEG ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31. The business’s 50 day moving average is $263.85 and its 200-day moving average is $261.78.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping 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 business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter last year, the company earned $1.46 EPS. Sell-side analysts predict that Vulcan Materials will post 8.69 earnings per share for the current 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 given a $0.49 dividend. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 10th. This represents a $1.96 annualized dividend and a yield of 0.82%. Vulcan Materials’s 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.