Inceptionr LLC Buys Shares of 3,898 Vulcan Materials Company $VMC

Inceptionr LLC purchased a new position in shares of Vulcan Materials Company (NYSE:VMC) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,898 shares of the construction company’s stock, valued at approximately $1,112,000.

Several other institutional investors have also recently made changes to their positions in VMC. Myriad Asset Management Advisors LLC purchased a new position in Vulcan Materials in the fourth quarter worth approximately $3,229,000. Zions Bancorporation National Association UT lifted its stake in shares of Vulcan Materials by 18.2% in the 4th quarter. Zions Bancorporation National Association UT now owns 611 shares of the construction company’s stock valued at $174,000 after purchasing an additional 94 shares during the last quarter. Fox Run Management L.L.C. lifted its stake in shares of Vulcan Materials by 199.1% in the 4th quarter. Fox Run Management L.L.C. now owns 2,037 shares of the construction company’s stock valued at $581,000 after purchasing an additional 1,356 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Vulcan Materials by 2.5% during the 4th quarter. LPL Financial LLC now owns 101,016 shares of the construction company’s stock worth $28,812,000 after purchasing an additional 2,474 shares during the period. Finally, Franklin Resources Inc. grew its holdings in shares of Vulcan Materials by 3.8% during the 4th quarter. Franklin Resources Inc. now owns 980,638 shares of the construction company’s stock worth $279,698,000 after purchasing an additional 36,228 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Vulcan Materials from $296.00 to $298.00 and gave the company a “sector perform” rating in a report on Thursday, April 30th. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. Wells Fargo & Company boosted their price target on shares of Vulcan Materials from $305.00 to $310.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. Stifel Nicolaus set a $333.00 price objective on shares of Vulcan Materials in a report on Thursday, April 30th. Finally, Berenberg Bank set a $283.00 price objective on shares of Vulcan Materials and gave the stock a “hold” rating in a research report on Tuesday, June 2nd. Seven analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $326.92.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $273.86 on Thursday. The stock has a market capitalization of $35.54 billion, a price-to-earnings ratio of 32.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.05. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.59 and a quick ratio of 1.89. The business has a 50-day moving average of $282.34 and a 200 day moving average of $290.10. Vulcan Materials Company has a 12 month low of $252.35 and a 12 month high of $331.09.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results 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. Vulcan Materials had a net margin of 13.81% and a return on equity of 12.95%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. During the same period in the prior year, the firm earned $1.00 earnings per share. The business’s revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Friday, May 22nd. Vulcan Materials’s dividend payout ratio is presently 24.73%.

Vulcan Materials 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.