Sequoia Financial Advisors LLC Has $579,000 Holdings in Vulcan Materials (NYSE:VMC)

Sequoia Financial Advisors LLC grew its position in Vulcan Materials (NYSE:VMC) by 13.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,250 shares of the construction company’s stock after buying an additional 263 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Vulcan Materials were worth $579,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Vulcan Materials in the 4th quarter worth approximately $31,000. UMB Bank n.a. boosted its position in shares of Vulcan Materials by 138.5% in the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock worth $48,000 after buying an additional 108 shares during the period. Washington Trust Advisors Inc. grew its holdings in shares of Vulcan Materials by 30.0% during the fourth quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock valued at $54,000 after buying an additional 48 shares in the last quarter. FSA Wealth Management LLC acquired a new position in Vulcan Materials during the third quarter valued at $57,000. Finally, Prospera Private Wealth LLC purchased a new stake in Vulcan Materials in the 3rd quarter worth about $61,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on VMC. Citigroup dropped their target price on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating on the stock in a report on Monday, January 6th. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a research report on Tuesday, March 4th. They issued a “buy” rating and a $287.00 target price for the company. Morgan Stanley boosted their price target on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Monday, February 24th. Stephens reiterated an “overweight” rating and set a $325.00 price objective on shares of Vulcan Materials in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. boosted their target price on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $303.08.

Vulcan Materials Stock Up 1.7 %

Shares of VMC stock opened at $235.29 on Tuesday. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 2.03 and a beta of 0.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.02 and a current ratio of 1.83. The stock’s 50 day simple moving average is $257.85 and its 200 day simple moving average is $260.69. Vulcan Materials has a twelve month low of $215.08 and a twelve month high of $298.31.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.76 by $0.41. The company had revenue of $1.85 billion during 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 period in the prior year, the company earned $1.46 earnings per share. As a group, research analysts predict that Vulcan Materials will post 8.69 EPS for the current year.

Vulcan Materials Increases Dividend

The company 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. This represents a $1.96 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s dividend payout ratio (DPR) is presently 28.61%.

Vulcan Materials Profile

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.