Fiduciary Trust Co Has $1.28 Million Position in Vulcan Materials (NYSE:VMC)

Fiduciary Trust Co grew its stake in Vulcan Materials (NYSE:VMC) by 1.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,958 shares of the construction company’s stock after buying an additional 62 shares during the period. Fiduciary Trust Co’s holdings in Vulcan Materials were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Murphy & Mullick Capital Management Corp acquired a new stake in Vulcan Materials during the 4th quarter valued at approximately $30,000. SBI Securities Co. Ltd. acquired a new stake in shares of Vulcan Materials during the fourth quarter worth $31,000. Generali Asset Management SPA SGR bought a new position in Vulcan Materials during the fourth quarter worth $32,000. Kapitalo Investimentos Ltda acquired a new position in Vulcan Materials in the fourth quarter valued at $35,000. Finally, UMB Bank n.a. boosted its position in Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after acquiring an additional 108 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VMC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised Vulcan Materials from a “neutral” rating to an “overweight” rating and dropped their price objective for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Morgan Stanley dropped their price target on Vulcan Materials from $300.00 to $273.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada increased their price target on Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 19th. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Citigroup reissued a “buy” rating on shares of Vulcan Materials in a research note on Monday, March 24th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus price target of $294.73.

Vulcan Materials Price Performance

VMC stock opened at $269.52 on Friday. The company has a market capitalization of $35.60 billion, a P/E ratio of 39.35, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Vulcan Materials has a 52-week low of $215.08 and a 52-week high of $298.31. The business has a 50-day simple moving average of $241.51 and a two-hundred day simple moving average of $260.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.20. The business had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. Vulcan Materials’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.80 earnings per share. Research analysts expect that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.49 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.73%. This is an increase from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is currently 27.80%.

Vulcan Materials 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.