RD Lewis Holdings Inc. Purchases Shares of 3,660 Vulcan Materials (NYSE:VMC)

RD Lewis Holdings Inc. acquired a new stake in Vulcan Materials (NYSE:VMC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,660 shares of the construction company’s stock, valued at approximately $999,000.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of Vulcan Materials in the 4th quarter valued at $31,000. UMB Bank n.a. raised its stake in shares of Vulcan Materials by 138.5% in the 4th 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 in the last quarter. Washington Trust Advisors Inc. raised its stake in shares of Vulcan Materials by 30.0% in the 4th 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 in the last quarter. FSA Wealth Management LLC acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at $57,000. Finally, Prospera Private Wealth LLC acquired a new position in shares of Vulcan Materials in the 3rd quarter valued at $61,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VMC. Stifel Nicolaus started coverage on shares of Vulcan Materials in a research note on Tuesday, March 4th. They issued a “buy” rating and a $287.00 price objective for the company. Stephens reiterated an “overweight” rating and set a $325.00 target price on shares of Vulcan Materials in a research report on Thursday, January 2nd. Morgan Stanley raised 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 report on Monday, February 24th. Royal Bank of Canada raised their price objective on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 19th. Finally, Citigroup lowered their price objective on shares of Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a research report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $303.08.

Vulcan Materials Price Performance

NYSE VMC opened at $235.29 on Tuesday. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. Vulcan Materials has a 12-month low of $215.08 and a 12-month high of $298.31. The company has a market capitalization of $31.08 billion, a PE ratio of 34.35, a price-to-earnings-growth ratio of 2.03 and a beta of 0.80. The firm’s 50 day moving average is $257.85 and its 200-day moving average is $260.69.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The firm 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. Equities research analysts anticipate that Vulcan Materials will post 8.69 earnings per share for the current fiscal year.

Vulcan Materials Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. Vulcan Materials’s payout ratio is presently 28.61%.

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.