IFP Advisors Inc Purchases 6,679 Shares of Vulcan Materials Company $VMC

IFP Advisors Inc raised its position in shares of Vulcan Materials Company (NYSE:VMC) by 500.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,013 shares of the construction company’s stock after purchasing an additional 6,679 shares during the period. IFP Advisors Inc’s holdings in Vulcan Materials were worth $2,285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of VMC. Lone Pine Capital LLC purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at $425,938,000. Principal Financial Group Inc. increased its holdings in shares of Vulcan Materials by 5.8% in the 3rd quarter. Principal Financial Group Inc. now owns 7,625,271 shares of the construction company’s stock valued at $2,345,703,000 after acquiring an additional 414,828 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Vulcan Materials by 993.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 396,628 shares of the construction company’s stock valued at $113,126,000 after acquiring an additional 360,368 shares during the period. Freestone Grove Partners LP purchased a new position in shares of Vulcan Materials in the 3rd quarter valued at $98,911,000. Finally, Vanguard Group Inc. increased its holdings in shares of Vulcan Materials by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 17,207,183 shares of the construction company’s stock valued at $5,293,274,000 after acquiring an additional 311,539 shares during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Stock Performance

Shares of VMC opened at $260.78 on Friday. The stock has a 50-day moving average of $278.81 and a two-hundred day moving average of $290.96. Vulcan Materials Company has a one year low of $252.35 and a one year 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 stock has a market cap of $33.84 billion, a P/E ratio of 31.01, a P/E/G ratio of 1.90 and a beta of 1.09.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, April 29th. The construction company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The company had revenue of $1.76 billion during the quarter, compared to analysts’ expectations of $1.64 billion. During the same quarter in the previous year, the firm posted $1.00 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. As a group, research analysts predict that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on VMC. Wall Street Zen upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Stifel Nicolaus set a $333.00 target price on Vulcan Materials in a research note on Thursday, April 30th. DA Davidson dropped their target price on Vulcan Materials from $330.00 to $320.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 18th. Citigroup dropped their target price on Vulcan Materials from $365.00 to $355.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. Finally, Zacks Research upgraded Vulcan Materials from a “strong sell” rating to a “hold” rating in a research note 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $330.58.

Vulcan Materials Company Profile

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.