Fourth Dimension Wealth LLC Purchases New Holdings in Vulcan Materials (NYSE:VMC)

Fourth Dimension Wealth LLC purchased a new position in shares of Vulcan Materials (NYSE:VMC) during the fourth quarter, Holdings Channel reports. The firm purchased 180 shares of the construction company’s stock, valued at approximately $46,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. lifted its position in shares of Vulcan Materials by 16.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after buying an additional 36 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Vulcan Materials by 2.5% during the fourth quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company’s stock worth $461,000 after acquiring an additional 44 shares during the last quarter. Howard Capital Management Inc. lifted its position in shares of Vulcan Materials by 5.2% in the 4th quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock worth $233,000 after purchasing an additional 45 shares during the period. Washington Trust Advisors Inc. lifted its holdings in Vulcan Materials by 30.0% in the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock valued at $54,000 after buying an additional 48 shares during the period. Finally, Sound View Wealth Advisors Group LLC lifted its stake in shares of Vulcan Materials by 4.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company’s stock valued at $301,000 after purchasing an additional 48 shares during the period. Institutional investors own 90.39% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Vulcan Materials from $287.00 to $309.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. Loop Capital lowered their price objective on Vulcan Materials from $325.00 to $320.00 and set a “buy” rating for the company in a research note on Tuesday, April 1st. UBS Group raised shares of Vulcan Materials from a “neutral” rating to a “buy” rating and raised their price target for the company from $280.00 to $318.00 in a research report on Friday, May 16th. Stephens set a $315.00 price target on Vulcan Materials and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada boosted their target price on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 19th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and an average price target of $302.91.

Vulcan Materials Stock Down 1.3%

VMC stock opened at $268.06 on Friday. The stock has a 50-day simple moving average of $249.79 and a two-hundred day simple moving average of $260.38. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31. The firm has a market capitalization of $35.41 billion, a PE ratio of 39.13, a PEG ratio of 2.03 and a beta of 0.84.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. The company had revenue of $1.63 billion for 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%. The firm’s revenue was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.80 earnings per share. On average, equities analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, May 23rd. Vulcan Materials’s dividend payout ratio is currently 27.80%.

Insiders Place Their Bets

In other news, SVP David P. Clement sold 1,500 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $270.00, for a total value of $405,000.00. Following the completion of the sale, the senior vice president now owns 2,832 shares of the company’s stock, valued at approximately $764,640. This represents a 34.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.62% of the company’s stock.

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.