Vulcan Materials Company $VMC Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. raised its stake in shares of Vulcan Materials Company (NYSE:VMC) by 19.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 18,700 shares of the construction company’s stock after buying an additional 3,017 shares during the period. QRG Capital Management Inc.’s holdings in Vulcan Materials were worth $5,334,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in VMC. Wolverine Asset Management LLC lifted its holdings in Vulcan Materials by 22.2% in the 4th quarter. Wolverine Asset Management LLC now owns 5,500 shares of the construction company’s stock valued at $1,569,000 after purchasing an additional 1,000 shares in the last quarter. Truist Financial Corp raised its position in shares of Vulcan Materials by 0.3% in the fourth quarter. Truist Financial Corp now owns 13,331 shares of the construction company’s stock valued at $3,802,000 after buying an additional 38 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in shares of Vulcan Materials by 8.7% during the fourth quarter. Benjamin Edwards Inc. now owns 16,850 shares of the construction company’s stock valued at $4,808,000 after buying an additional 1,345 shares during the period. Composition Wealth LLC lifted its stake in shares of Vulcan Materials by 3.5% during the fourth quarter. Composition Wealth LLC now owns 1,014 shares of the construction company’s stock valued at $289,000 after buying an additional 34 shares during the period. Finally, Kornitzer Capital Management Inc. KS acquired a new stake in Vulcan Materials during the fourth quarter worth approximately $5,590,000. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Stifel Nicolaus set a $333.00 price target on Vulcan Materials in a report on Thursday, April 30th. DA Davidson reduced their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 18th. Stephens raised their price target on Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, Raymond James Financial set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, April 30th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $329.62.

Insider Activity

In related news, Director Melissa H. Anderson sold 1,137 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $303.72, for a total transaction of $345,329.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.

Vulcan Materials Stock Performance

NYSE VMC opened at $295.77 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The firm has a market capitalization of $38.38 billion, a P/E ratio of 35.17, a P/E/G ratio of 2.12 and a beta of 1.09. The business’s 50-day simple moving average is $283.88 and its 200-day simple moving average is $292.74.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The firm had revenue of $1.76 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Equities analysts predict that Vulcan Materials Company will post 9.28 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 23rd. Shareholders of record on Monday, March 9th were paid a dividend of $0.52 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Monday, March 9th. Vulcan Materials’s payout ratio is presently 24.73%.

Vulcan Materials 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.