MQS Management LLC Buys Shares of 4,928 Vulcan Materials Company $VMC

MQS Management LLC bought a new stake in Vulcan Materials Company (NYSE:VMC) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 4,928 shares of the construction company’s stock, valued at approximately $1,406,000. Vulcan Materials makes up 0.8% of MQS Management LLC’s portfolio, making the stock its 3rd largest holding.

Other institutional investors have also recently bought and sold shares of the company. Westside Investment Management Inc. lifted its stake in Vulcan Materials by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 84 shares of the construction company’s stock valued at $25,000 after acquiring an additional 42 shares in the last quarter. NBT Bank N A NY bought a new stake in Vulcan Materials in the 4th quarter valued at approximately $26,000. Greykasell Wealth Strategies Inc. bought a new stake in Vulcan Materials in the 3rd quarter valued at approximately $29,000. Godsey & Gibb Inc. bought a new stake in Vulcan Materials in the 4th quarter valued at approximately $30,000. Finally, Measured Wealth Private Client Group LLC bought a new stake in Vulcan Materials in the 3rd quarter valued at approximately $30,000. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 0.5%

VMC stock opened at $260.78 on Friday. The company has a current ratio of 2.59, a quick ratio of 1.89 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $33.84 billion, a PE ratio of 31.01, a PEG ratio of 1.90 and a beta of 1.09. Vulcan Materials Company has a 1-year low of $252.35 and a 1-year high of $331.09. The business’s 50 day simple moving average is $278.81 and its 200 day simple moving average is $290.96.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, April 29th. The construction company reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.25. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.64 billion. Vulcan Materials had a return on equity of 12.95% and a net margin of 13.81%.The firm’s revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.00 EPS. As a group, research analysts anticipate that Vulcan Materials Company will post 9.29 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 0.8%. Vulcan Materials’s payout ratio is presently 24.73%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on VMC shares. JPMorgan Chase & Co. restated a “neutral” rating and issued a $320.00 target price (down from $335.00) on shares of Vulcan Materials in a research note on Wednesday, March 4th. Raymond James Financial set a $325.00 price target on Vulcan Materials in a research report on Thursday, April 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Vulcan Materials in a research report on Tuesday, January 27th. Barclays boosted their price target on Vulcan Materials from $296.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price target on Vulcan Materials from $296.00 to $298.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 30th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $330.58.

Vulcan Materials Profile

Vulcan Materials Company (NYSE: VMC) is a U.S.-based producer of construction materials that supplies the building and infrastructure markets. The company’s primary products include construction aggregates such as crushed stone, sand and gravel, as well as asphalt mixes and ready-mixed concrete. These materials are used in a wide range of projects including highways, commercial and residential construction, and public infrastructure.

Vulcan operates an integrated network of quarries, asphalt plants and concrete facilities to produce and deliver materials to contractors, municipalities and private developers.