Townsquare Capital LLC Has $1.92 Million Holdings in Vulcan Materials (NYSE:VMC)

Townsquare Capital LLC raised its position in Vulcan Materials (NYSE:VMC) by 10.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,444 shares of the construction company’s stock after purchasing an additional 717 shares during the period. Townsquare Capital LLC’s holdings in Vulcan Materials were worth $1,915,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. raised its stake in shares of Vulcan Materials by 16.5% during the 4th quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after purchasing an additional 36 shares during the period. Quadrant Capital Group LLC boosted its stake in Vulcan Materials by 2.5% in the fourth quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company’s stock valued at $461,000 after acquiring an additional 44 shares during the last quarter. Howard Capital Management Inc. grew its position in shares of Vulcan Materials by 5.2% during the 4th quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock valued at $233,000 after acquiring an additional 45 shares during the period. Washington Trust Advisors Inc. increased its stake in shares of Vulcan Materials by 30.0% during the 4th quarter. Washington Trust Advisors Inc. now owns 208 shares of the construction company’s stock worth $54,000 after purchasing an additional 48 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC raised its holdings in shares of Vulcan Materials by 4.3% in the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,169 shares of the construction company’s stock worth $301,000 after purchasing an additional 48 shares during the period. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on VMC. Stephens reissued an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. UBS Group downgraded shares of Vulcan Materials from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $343.00 to $258.00 in a report on Monday, April 7th. Royal Bank of Canada lifted their target price on shares of Vulcan Materials from $269.00 to $286.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 19th. Loop Capital cut their price objective on shares of Vulcan Materials from $325.00 to $320.00 and set a “buy” rating for the company in a report on Tuesday, April 1st. Finally, Raymond James lowered their target price on shares of Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus price target of $295.75.

Vulcan Materials Trading Down 1.5 %

Shares of VMC opened at $240.84 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.83 and a quick ratio of 2.02. Vulcan Materials has a 1-year low of $215.08 and a 1-year high of $298.31. The company has a market capitalization of $31.86 billion, a P/E ratio of 35.16, a P/E/G ratio of 2.03 and a beta of 0.80. The firm’s 50 day simple moving average is $242.55 and its 200 day simple moving average is $259.41.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $1.46 EPS. Sell-side analysts forecast that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.49 dividend. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials’s dividend payout ratio is presently 28.61%.

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.