Morgan Stanley reduced its holdings in Vulcan Materials (NYSE:VMC) by 35.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 282,683 shares of the construction company’s stock after selling 154,023 shares during the quarter. Morgan Stanley owned approximately 0.21% of Vulcan Materials worth $41,925,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. YorkBridge Wealth Partners LLC increased its position in Vulcan Materials by 4.0% in the 4th quarter. YorkBridge Wealth Partners LLC now owns 2,135 shares of the construction company’s stock valued at $317,000 after acquiring an additional 82 shares during the period. FDx Advisors Inc. increased its position in shares of Vulcan Materials by 4.2% during the fourth quarter. FDx Advisors Inc. now owns 2,055 shares of the construction company’s stock worth $305,000 after buying an additional 82 shares during the period. Vestmark Advisory Solutions Inc. increased its position in shares of Vulcan Materials by 1.6% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 5,354 shares of the construction company’s stock worth $794,000 after buying an additional 83 shares during the period. Simmons Bank increased its position in shares of Vulcan Materials by 2.6% during the fourth quarter. Simmons Bank now owns 3,304 shares of the construction company’s stock worth $490,000 after buying an additional 84 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Vulcan Materials by 4.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 2,184 shares of the construction company’s stock worth $324,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 89.82% of the company’s stock.

Several research firms have recently weighed in on VMC. Stephens upgraded shares of Vulcan Materials from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Vulcan Materials from $165.00 to $180.00 and gave the stock a “neutral” rating in a report on Friday, January 22nd. DA Davidson raised their price target on shares of Vulcan Materials from $120.00 to $150.00 and gave the stock a “neutral” rating in a report on Wednesday, February 17th. Zacks Investment Research upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating and set a $171.00 price target for the company in a report on Wednesday, February 17th. Finally, Morgan Stanley raised their price target on shares of Vulcan Materials from $161.00 to $167.00 and gave the stock an “equal weight” rating in a report on Monday, March 1st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Vulcan Materials has an average rating of “Hold” and an average price target of $146.85.

VMC opened at $168.91 on Thursday. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.12 and a quick ratio of 1.69. The company’s 50-day moving average is $167.49 and its 200 day moving average is $151.43. Vulcan Materials has a fifty-two week low of $88.60 and a fifty-two week high of $176.35. The firm has a market capitalization of $22.41 billion, a P/E ratio of 36.80, a PEG ratio of 2.86 and a beta of 0.60.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Monday, February 15th. The construction company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.99 by $0.08. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.14 billion. Vulcan Materials had a net margin of 12.55% and a return on equity of 10.97%. During the same quarter in the previous year, the firm posted $1.08 earnings per share. On average, equities research analysts expect that Vulcan Materials will post 4.58 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were given a $0.37 dividend. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Friday, February 26th. This represents a $1.48 annualized dividend and a yield of 0.88%. Vulcan Materials’s payout ratio is currently 31.49%.

In other news, VP Randy L. Pigg sold 216 shares of Vulcan Materials stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $169.73, for a total value of $36,661.68. Following the completion of the transaction, the vice president now owns 2,034 shares in the company, valued at $345,230.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is owned by company insiders.

Vulcan Materials Profile

Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The Aggregates segment 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.

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Institutional Ownership by Quarter for Vulcan Materials (NYSE:VMC)

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