Prestige Wealth Management Group LLC Increases Stake in Vulcan Materials Company $VMC

Prestige Wealth Management Group LLC lifted its stake in shares of Vulcan Materials Company (NYSE:VMC) by 12,052.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,066 shares of the construction company’s stock after acquiring an additional 2,049 shares during the period. Prestige Wealth Management Group LLC’s holdings in Vulcan Materials were worth $589,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. SlateStone Wealth LLC lifted its holdings in shares of Vulcan Materials by 1.1% during the 4th quarter. SlateStone Wealth LLC now owns 25,586 shares of the construction company’s stock worth $7,298,000 after acquiring an additional 289 shares during the period. Westfield Capital Management Co. LP lifted its holdings in shares of Vulcan Materials by 7.4% during the 4th quarter. Westfield Capital Management Co. LP now owns 254,044 shares of the construction company’s stock worth $72,459,000 after acquiring an additional 17,488 shares during the period. Vise Technologies Inc. lifted its holdings in shares of Vulcan Materials by 19.3% during the 4th quarter. Vise Technologies Inc. now owns 2,382 shares of the construction company’s stock worth $679,000 after acquiring an additional 386 shares during the period. TD Asset Management Inc lifted its holdings in shares of Vulcan Materials by 1.3% during the 4th quarter. TD Asset Management Inc now owns 62,740 shares of the construction company’s stock worth $17,895,000 after acquiring an additional 828 shares during the period. Finally, Lido Advisors LLC lifted its holdings in shares of Vulcan Materials by 0.6% during the 4th quarter. Lido Advisors LLC now owns 10,591 shares of the construction company’s stock worth $3,160,000 after acquiring an additional 61 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Vulcan Materials from a “strong sell” rating to a “hold” rating in a report on Thursday, April 9th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $320.00 price objective (down from $335.00) on shares of Vulcan Materials in a report on Wednesday, March 4th. Stephens increased their price objective on shares of Vulcan Materials from $330.00 to $340.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Oppenheimer assumed coverage on shares of Vulcan Materials in a report on Thursday, May 28th. They set a “market perform” rating on the stock. Finally, Morgan Stanley cut their price objective on shares of Vulcan Materials from $322.00 to $321.00 and set an “equal weight” rating on the stock in a report on Monday, April 6th. Seven equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Vulcan Materials presently has a consensus rating of “Hold” and a consensus target price of $326.92.

Vulcan Materials Stock Down 0.7%

VMC opened at $283.28 on Friday. The firm has a 50 day moving average price of $281.53 and a 200 day moving average price of $290.30. The company has a market cap of $36.76 billion, a PE ratio of 33.68, a price-to-earnings-growth ratio of 2.06 and a beta of 1.05. Vulcan Materials Company has a 1 year low of $252.35 and a 1 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.

Vulcan Materials (NYSE:VMC) last posted its 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. The firm 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 company’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.00 EPS. Sell-side analysts expect that Vulcan Materials Company will post 9.29 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Friday, May 22nd. Vulcan Materials’s dividend payout ratio is 24.73%.

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.