Savant Capital LLC Buys 4,675 Shares of Vulcan Materials Company $VMC

Savant Capital LLC lifted its stake in shares of Vulcan Materials Company (NYSE:VMC) by 86.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,054 shares of the construction company’s stock after purchasing an additional 4,675 shares during the quarter. Savant Capital LLC’s holdings in Vulcan Materials were worth $2,868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VMC. Brighton Jones LLC bought a new stake in shares of Vulcan Materials during the 4th quarter valued at $497,000. NewEdge Advisors LLC increased its stake in Vulcan Materials by 3.9% in the 1st quarter. NewEdge Advisors LLC now owns 4,359 shares of the construction company’s stock worth $1,017,000 after acquiring an additional 163 shares during the last quarter. Empowered Funds LLC increased its stake in Vulcan Materials by 6.3% in the 1st quarter. Empowered Funds LLC now owns 3,195 shares of the construction company’s stock worth $745,000 after acquiring an additional 190 shares during the last quarter. Focus Partners Wealth increased its stake in Vulcan Materials by 28.5% in the 1st quarter. Focus Partners Wealth now owns 3,321 shares of the construction company’s stock worth $775,000 after acquiring an additional 736 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in Vulcan Materials by 31.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 334 shares of the construction company’s stock worth $78,000 after acquiring an additional 80 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $283.83 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $36.83 billion, a PE ratio of 33.75, a price-to-earnings-growth ratio of 2.05 and a beta of 1.09. The business’s 50-day moving average price is $279.80 and its 200-day moving average price is $290.47. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.10 by $0.25. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.00 EPS. Sell-side analysts forecast that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a dividend of $0.52 per share. The ex-dividend date is Friday, May 22nd. This represents a $2.08 annualized dividend and a dividend yield of 0.7%. Vulcan Materials’s dividend payout ratio is 24.73%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on VMC shares. Truist Financial upped their target price on Vulcan Materials from $320.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, February 19th. Oppenheimer started coverage on Vulcan Materials in a research note on Thursday. They issued a “market perform” rating on the stock. Barclays upped their target price on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Morgan Stanley decreased their target price on Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a research note on Monday, April 6th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Seven investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $330.58.

Vulcan Materials Company Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.