Vulcan Materials (NYSE:VMC) Shares Purchased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI grew its position in shares of Vulcan Materials (NYSE:VMC) by 56.4% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,329 shares of the construction company’s stock after purchasing an additional 479 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Vulcan Materials were worth $344,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials in the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Vulcan Materials in the fourth quarter valued at approximately $31,000. Washington Trust Advisors Inc. raised its holdings in shares of Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after buying an additional 113 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Vulcan Materials during the third quarter worth approximately $42,000. Finally, UMB Bank n.a. grew 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 in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on VMC shares. Royal Bank of Canada lifted their target price 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. JPMorgan Chase & Co. lifted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Stifel Nicolaus began coverage on shares of Vulcan Materials in a research report on Tuesday. They issued a “buy” rating and a $287.00 target price for the company. Citigroup dropped their price target 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. Finally, Stephens reaffirmed an “overweight” rating and issued a $325.00 price target on shares of Vulcan Materials in a research note on Thursday, January 2nd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $303.08.

Vulcan Materials Trading Up 2.4 %

Shares of NYSE:VMC opened at $240.49 on Thursday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The stock has a market capitalization of $31.77 billion, a price-to-earnings ratio of 35.11, a PEG ratio of 2.03 and a beta of 0.80. Vulcan Materials has a 1-year low of $225.36 and a 1-year high of $298.31. The company has a 50 day moving average price of $262.78 and a 200 day moving average price of $261.57.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $1.76 by $0.41. The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.81 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. During the same period last year, the company posted $1.46 EPS. On average, research analysts anticipate that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared 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. The ex-dividend date is Monday, March 10th. This represents a $1.96 dividend on an annualized basis and a yield of 0.82%. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio (DPR) is currently 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.