Farrow Financial Inc. Has $2.11 Million Stock Position in Vulcan Materials (NYSE:VMC)

Farrow Financial Inc. reduced its position in shares of Vulcan Materials (NYSE:VMC) by 12.1% in the 4th quarter, Holdings Channel reports. The firm owned 8,157 shares of the construction company’s stock after selling 1,119 shares during the period. Farrow Financial Inc.’s holdings in Vulcan Materials were worth $2,106,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in shares of Vulcan Materials by 19.9% during the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock worth $1,332,431,000 after buying an additional 884,580 shares during the last quarter. Proficio Capital Partners LLC grew its stake in shares of Vulcan Materials by 28,529.4% during the fourth quarter. Proficio Capital Partners LLC now owns 523,631 shares of the construction company’s stock worth $134,694,000 after buying an additional 521,802 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Vulcan Materials during the fourth quarter worth $74,760,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Vulcan Materials by 32.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 736,146 shares of the construction company’s stock worth $184,353,000 after buying an additional 178,634 shares during the last quarter. Finally, Artemis Investment Management LLP grew its stake in shares of Vulcan Materials by 67.9% during the fourth quarter. Artemis Investment Management LLP now owns 402,106 shares of the construction company’s stock worth $103,434,000 after buying an additional 162,567 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

Shares of VMC opened at $221.47 on Friday. The company has a current ratio of 1.83, a quick ratio of 2.02 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $29.26 billion, a P/E ratio of 32.33, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The firm’s fifty day simple moving average is $261.37 and its two-hundred day simple moving average is $261.33. Vulcan Materials has a 12 month low of $218.71 and a 12 month high of $298.31.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $1.76 by $0.41. The business had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.81 billion. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. During the same quarter in the prior year, the firm posted $1.46 earnings per share. As a group, analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, March 10th. This represents a $1.96 annualized dividend and a dividend yield of 0.89%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio is currently 28.61%.

Analyst Ratings Changes

A number of analysts have weighed in on VMC shares. Stephens reaffirmed an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. Stifel Nicolaus began coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They issued a “buy” rating and a $287.00 price objective on the stock. Raymond James reduced their price objective on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Morgan Stanley boosted their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Monday, February 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $303.08.

About Vulcan Materials

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 company 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.