ProShare Advisors LLC Has $5.79 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

ProShare Advisors LLC reduced its stake in Vulcan Materials (NYSE:VMC) by 45.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,509 shares of the construction company’s stock after selling 18,787 shares during the period. ProShare Advisors LLC’s holdings in Vulcan Materials were worth $5,790,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its stake in Vulcan Materials by 16.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock valued at $65,000 after buying an additional 36 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings 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 period. Howard Capital Management Inc. boosted its holdings in shares of Vulcan Materials by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock worth $233,000 after acquiring an additional 45 shares during the period. Washington Trust Advisors Inc. increased its stake in shares of Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock worth $54,000 after purchasing an additional 48 shares during the period. Finally, Sound View Wealth Advisors Group LLC boosted its stake in 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. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of Vulcan Materials from $273.00 to $303.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Stephens set a $315.00 price objective on shares of Vulcan Materials and gave the company an “overweight” rating in a research report on Thursday, May 1st. Royal Bank of Canada boosted 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. Loop Capital decreased their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. Finally, Wolfe Research upgraded Vulcan Materials from a “peer perform” rating to an “outperform” rating in a research report on Thursday, April 10th. Three analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $302.91.

Vulcan Materials Trading Up 1.7%

NYSE VMC opened at $275.64 on Monday. The firm has a market capitalization of $36.41 billion, a PE ratio of 40.24, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. The business’s 50-day moving average price is $245.72 and its two-hundred day moving average price is $260.41. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12 month low of $215.08 and a 12 month high of $298.31.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Wednesday, April 30th. The construction company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.20. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the previous year, the firm earned $0.80 earnings per share. The firm’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts expect that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, May 23rd. Vulcan Materials’s dividend payout ratio is currently 27.80%.

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.