Huntington National Bank Has $640,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Huntington National Bank raised its holdings in Vulcan Materials (NYSE:VMC) by 9.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,488 shares of the construction company’s stock after acquiring an additional 220 shares during the period. Huntington National Bank’s holdings in Vulcan Materials were worth $640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Murphy & Mullick Capital Management Corp acquired a new stake in shares of Vulcan Materials in the fourth quarter worth $30,000. SBI Securities Co. Ltd. acquired a new stake in Vulcan Materials in the 4th quarter worth $31,000. Generali Asset Management SPA SGR bought a new position in shares of Vulcan Materials during the 4th quarter worth about $32,000. UMB Bank n.a. raised its position in shares of Vulcan Materials by 138.5% during the fourth quarter. UMB Bank n.a. now owns 186 shares of the construction company’s stock valued at $48,000 after buying an additional 108 shares during the last quarter. Finally, Washington Trust Advisors Inc. lifted its stake in shares of Vulcan Materials by 30.0% in 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 during the period. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Down 2.6 %

Shares of VMC opened at $230.98 on Friday. 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 company has a market cap of $30.55 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 2.03 and a beta of 0.80. The stock has a fifty day moving average price of $250.05 and a two-hundred day moving average price of $260.40. Vulcan Materials has a 52-week low of $215.08 and a 52-week 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. Vulcan Materials had a return on equity of 12.83% and a net margin of 12.30%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same period in the previous year, the business posted $1.46 earnings per share. Analysts predict that Vulcan Materials will post 8.69 EPS for the current fiscal year.

Vulcan Materials Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.49 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. This represents a $1.96 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials’s dividend payout ratio is 28.61%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on VMC shares. Raymond James lowered their price target on Vulcan Materials from $298.00 to $295.00 and set an “outperform” rating on the stock in a research note on Thursday, January 16th. Royal Bank of Canada boosted their price objective on Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 19th. Seaport Res Ptn raised Vulcan Materials to a “strong-buy” rating in a research report on Friday, March 21st. Stifel Nicolaus assumed coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They set a “buy” rating and a $287.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of Vulcan Materials from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Monday, February 24th. Three analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $305.58.

Vulcan Materials Company 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.