New Age Alpha Advisors LLC Buys 8,016 Shares of Vulcan Materials Company $VMC

New Age Alpha Advisors LLC raised its stake in Vulcan Materials Company (NYSE:VMC) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,243 shares of the construction company’s stock after purchasing an additional 8,016 shares during the period. New Age Alpha Advisors LLC’s holdings in Vulcan Materials were worth $8,341,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VMC. Lone Pine Capital LLC bought a new stake in Vulcan Materials in the third quarter valued at $425,938,000. Principal Financial Group Inc. increased its stake in Vulcan Materials by 5.8% in the third quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after purchasing an additional 414,828 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Vulcan Materials by 993.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock valued at $113,126,000 after purchasing an additional 360,368 shares in the last quarter. Freestone Grove Partners LP bought a new stake in shares of Vulcan Materials during the third quarter worth about $98,911,000. Finally, Vanguard Group Inc. increased its position in shares of Vulcan Materials by 1.8% during the third quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock worth $5,293,274,000 after acquiring an additional 311,539 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Up 0.0%

Shares of VMC stock opened at $260.78 on Monday. Vulcan Materials Company has a 52-week low of $252.35 and a 52-week high of $331.09. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.89 and a current ratio of 2.59. The company has a 50-day simple moving average of $278.81 and a two-hundred day simple moving average of $290.98. The company has a market capitalization of $33.84 billion, a price-to-earnings ratio of 31.01, a PEG ratio of 1.89 and a beta of 1.09.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data 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 business 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 firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.00 EPS. Research analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, May 22nd. Vulcan Materials’s payout ratio is presently 24.73%.

Analyst Ratings Changes

Several equities research analysts have recently commented on VMC shares. Citigroup decreased their target price on shares of Vulcan Materials from $365.00 to $355.00 and set a “buy” rating for the company in a research report on Friday, May 1st. Morgan Stanley decreased their target price on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating for the company in a research report on Monday, April 6th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research report on Wednesday, March 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Finally, Zacks Research raised shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Vulcan Materials presently has an average rating of “Moderate Buy” and an average price target of $330.58.

About Vulcan Materials

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.