Gilder Gagnon Howe & Co. LLC Sells 295 Shares of Vulcan Materials (NYSE:VMC)

Gilder Gagnon Howe & Co. LLC decreased its stake in shares of Vulcan Materials (NYSE:VMC) by 1.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 19,503 shares of the construction company’s stock after selling 295 shares during the quarter. Gilder Gagnon Howe & Co. LLC’s holdings in Vulcan Materials were worth $5,017,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Geneos Wealth Management Inc. grew its position in Vulcan Materials by 16.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 254 shares of the construction company’s stock worth $65,000 after buying an additional 36 shares in the last quarter. Quadrant Capital Group LLC grew its holdings in shares of Vulcan Materials by 2.5% during the 4th quarter. Quadrant Capital Group LLC now owns 1,791 shares of the construction company’s stock worth $461,000 after purchasing an additional 44 shares in the last quarter. Howard Capital Management Inc. increased its position in shares of Vulcan Materials by 5.2% during the fourth quarter. Howard Capital Management Inc. now owns 906 shares of the construction company’s stock valued at $233,000 after purchasing an additional 45 shares during the period. Washington Trust Advisors Inc. raised 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 purchasing an additional 48 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC lifted its position in Vulcan Materials by 4.3% in the fourth 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. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Vulcan Materials stock opened at $247.11 on Friday. Vulcan Materials has a 52 week low of $215.08 and a 52 week high of $298.31. The firm has a market cap of $32.69 billion, a P/E ratio of 36.07, a P/E/G 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 business’s fifty day moving average is $238.89 and its two-hundred day moving average is $259.56.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.41. The firm 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 quarter last year, the company posted $1.46 EPS. Equities research 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. Shareholders of record on Monday, March 10th were given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 0.79%. This is a positive change from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Monday, March 10th. Vulcan Materials’s dividend payout ratio (DPR) is presently 28.61%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on VMC. Loop Capital lowered their price target on shares of Vulcan Materials from $325.00 to $320.00 and set a “buy” rating on the stock in a report on Tuesday, April 1st. JPMorgan Chase & Co. raised shares of Vulcan Materials from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $290.00 to $285.00 in a research note on Wednesday, March 19th. Morgan Stanley dropped their price target on shares of Vulcan Materials from $300.00 to $273.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Seaport Res Ptn raised Vulcan Materials to a “strong-buy” rating in a report on Friday, March 21st. Finally, UBS Group cut Vulcan Materials from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $343.00 to $258.00 in a report on Monday, April 7th. Four analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $293.64.

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.