CVA Family Office LLC Increases Position in Vulcan Materials (NYSE:VMC)

CVA Family Office LLC lifted its holdings in Vulcan Materials (NYSE:VMC – Get Rating) by 58.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 460 shares of the construction company’s stock after acquiring an additional 170 shares during the quarter. CVA Family Office LLC’s holdings in Vulcan Materials were worth $73,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Vulcan Materials in the 3rd quarter worth approximately $1,924,000. National Pension Service boosted its stake in shares of Vulcan Materials by 7.4% in the 3rd quarter. National Pension Service now owns 170,775 shares of the construction company’s stock worth $26,945,000 after buying an additional 11,700 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in shares of Vulcan Materials by 1.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 6,906 shares of the construction company’s stock worth $1,088,000 after buying an additional 106 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its holdings in shares of Vulcan Materials by 4.9% in the 3rd quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 4,763 shares of the construction company’s stock worth $751,000 after purchasing an additional 223 shares during the period. Finally, Kentucky Retirement Systems raised its holdings in shares of Vulcan Materials by 5.5% in the 3rd quarter. Kentucky Retirement Systems now owns 10,403 shares of the construction company’s stock worth $1,641,000 after purchasing an additional 540 shares during the period. Hedge funds and other institutional investors own 90.08% of the company’s stock.

Vulcan Materials Trading Up 2.1 %

Shares of VMC stock opened at $166.21 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.38 and a current ratio of 1.99. Vulcan Materials has a 52-week low of $137.54 and a 52-week high of $197.76. The company has a market capitalization of $22.10 billion, a PE ratio of 38.56, a price-to-earnings-growth ratio of 1.80 and a beta of 0.76. The business’s fifty day moving average is $180.30 and its 200 day moving average is $173.07.

Vulcan Materials (NYSE:VMC – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The construction company reported $1.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.18). Vulcan Materials had a return on equity of 10.09% and a net margin of 7.87%. The business had revenue of $1.73 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same quarter last year, the business posted $1.25 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that Vulcan Materials will post 6 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Investors of record on Monday, March 6th will be given a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, March 3rd. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.40. Vulcan Materials’s dividend payout ratio (DPR) is 39.91%.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of research reports. Stifel Nicolaus lifted their price target on shares of Vulcan Materials from $215.00 to $227.00 and gave the stock a “buy” rating in a report on Monday, December 19th. Citigroup lifted their price target on shares of Vulcan Materials from $194.00 to $211.00 in a report on Tuesday, January 10th. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $185.00 to $200.00 in a report on Thursday, December 8th. DA Davidson lifted their price target on shares of Vulcan Materials from $200.00 to $212.00 in a report on Friday, February 17th. Finally, Raymond James boosted their target price on shares of Vulcan Materials from $186.00 to $199.00 and gave the company an “outperform” rating in a report on Wednesday, January 25th. Five 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 has a consensus rating of “Moderate Buy” and an average price target of $204.25.

Vulcan Materials Profile

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Vulcan Materials Co engages in the provision of basic materials and supply for the infrastructure and construction industries. It operates through the following business segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment produces and sells asphalt mix and ready-mixed concrete primarily in its mid-Atlantic, Georgia, Southwestern, Tennessee, and Western markets.