HM Payson & Co. Trims Stock Holdings in Vulcan Materials (NYSE:VMC)

HM Payson & Co. decreased its position in Vulcan Materials (NYSE:VMC) by 10.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,450 shares of the construction company’s stock after selling 300 shares during the period. HM Payson & Co.’s holdings in Vulcan Materials were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Schwab Charitable Fund raised its stake in Vulcan Materials by 2,576.5% in the 4th quarter. Schwab Charitable Fund now owns 40,013 shares of the construction company’s stock worth $5,934,000 after acquiring an additional 38,518 shares during the last quarter. Morgan Stanley grew its position in Vulcan Materials by 68.3% during the 3rd quarter. Morgan Stanley now owns 436,706 shares of the construction company’s stock worth $59,191,000 after purchasing an additional 177,288 shares during the period. Sentry Investment Management LLC acquired a new stake in Vulcan Materials during the 4th quarter worth about $1,198,000. Guggenheim Capital LLC grew its position in Vulcan Materials by 8.6% during the 3rd quarter. Guggenheim Capital LLC now owns 15,588 shares of the construction company’s stock worth $2,113,000 after purchasing an additional 1,239 shares during the period. Finally, IBM Retirement Fund grew its position in Vulcan Materials by 14.1% during the 4th quarter. IBM Retirement Fund now owns 4,901 shares of the construction company’s stock worth $727,000 after purchasing an additional 606 shares during the period. Institutional investors own 89.82% of the company’s stock.

VMC stock opened at $168.91 on Thursday. The company has a current ratio of 2.12, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Vulcan Materials has a 12-month low of $88.60 and a 12-month high of $176.35. The stock has a market cap of $22.41 billion, a price-to-earnings ratio of 36.80, a PEG ratio of 2.86 and a beta of 0.60. The business’s 50-day moving average is $167.49 and its 200 day moving average is $151.43.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Monday, February 15th. The construction company reported $1.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.08. Vulcan Materials had a return on equity of 10.97% and a net margin of 12.55%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same period in the previous year, the firm posted $1.08 EPS. As a group, equities analysts forecast that Vulcan Materials will post 4.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 1st were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.88%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, February 26th. Vulcan Materials’s dividend payout ratio (DPR) is 31.49%.

In other Vulcan Materials news, VP Randy L. Pigg sold 216 shares of the firm’s stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $169.73, for a total value of $36,661.68. Following the transaction, the vice president now directly owns 2,034 shares of the company’s stock, valued at approximately $345,230.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.52% of the company’s stock.

Several equities research analysts have weighed in on VMC shares. Stephens raised Vulcan Materials from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, January 6th. DA Davidson increased their price target on Vulcan Materials from $120.00 to $150.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 17th. JPMorgan Chase & Co. raised their target price on Vulcan Materials from $165.00 to $180.00 and gave the company a “neutral” rating in a research report on Friday, January 22nd. Raymond James initiated coverage on Vulcan Materials in a research report on Wednesday, February 3rd. They set a “market perform” rating on the stock. Finally, Morgan Stanley raised their target price on Vulcan Materials from $161.00 to $167.00 and gave the company an “equal weight” rating in a research report on Monday, March 1st. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Vulcan Materials presently has a consensus rating of “Hold” and a consensus price target of $146.85.

About Vulcan Materials

Vulcan Materials Company produces and supplies construction materials primarily in the United States. The company 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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