Vulcan Materials (NYSE:VMC) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in Vulcan Materials (NYSE:VMCGet Rating) by 179.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,767,213 shares of the construction company’s stock after purchasing an additional 1,134,353 shares during the quarter. JPMorgan Chase & Co.’s holdings in Vulcan Materials were worth $366,839,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of VMC. Legacy Bridge LLC bought a new stake in Vulcan Materials during the fourth quarter worth approximately $26,000. MCF Advisors LLC raised its stake in shares of Vulcan Materials by 214.6% in the 3rd quarter. MCF Advisors LLC now owns 151 shares of the construction company’s stock worth $26,000 after buying an additional 103 shares in the last quarter. Lloyd Advisory Services LLC. bought a new stake in shares of Vulcan Materials in the 4th quarter worth $40,000. Clearstead Advisors LLC lifted its holdings in shares of Vulcan Materials by 973.7% in the third quarter. Clearstead Advisors LLC now owns 204 shares of the construction company’s stock valued at $35,000 after buying an additional 185 shares during the period. Finally, CVA Family Office LLC bought a new position in Vulcan Materials during the fourth quarter valued at about $53,000. 88.38% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials stock opened at $160.13 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.27. Vulcan Materials has a fifty-two week low of $156.53 and a fifty-two week high of $213.65. The firm has a fifty day moving average price of $176.95 and a two-hundred day moving average price of $188.33. The firm has a market cap of $21.28 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 1.25 and a beta of 0.70.

Vulcan Materials (NYSE:VMCGet Rating) last announced its earnings results on Wednesday, May 4th. The construction company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.11. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.44 billion. Vulcan Materials had a return on equity of 10.49% and a net margin of 9.99%. The firm’s revenue for the quarter was up 44.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 EPS. As a group, sell-side analysts expect that Vulcan Materials will post 6.32 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Friday, May 27th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.00%. Vulcan Materials’s dividend payout ratio (DPR) is currently 35.56%.

Several research firms have recently weighed in on VMC. StockNews.com began coverage on shares of Vulcan Materials in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Truist Financial lifted their price target on Vulcan Materials from $225.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, February 22nd. Citigroup reduced their price objective on Vulcan Materials from $231.00 to $224.00 in a research note on Friday, February 18th. Finally, Morgan Stanley lowered their target price on Vulcan Materials from $232.00 to $224.00 and set an “equal weight” rating on the stock in a research note on Monday, April 18th. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of “Buy” and a consensus target price of $211.93.

Vulcan Materials Profile (Get Rating)

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It 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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