Pinnacle Financial Partners Inc Buys 466 Shares of Vulcan Materials (NYSE:VMC)

Pinnacle Financial Partners Inc grew its stake in Vulcan Materials (NYSE:VMC) by 41.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,581 shares of the construction company’s stock after acquiring an additional 466 shares during the period. Pinnacle Financial Partners Inc’s holdings in Vulcan Materials were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC bought a new stake in shares of Vulcan Materials during the third quarter worth approximately $30,000. Concord Wealth Partners bought a new stake in shares of Vulcan Materials during the third quarter worth approximately $35,000. Washington Trust Advisors Inc. raised its stake in shares of Vulcan Materials by 240.4% during the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after buying an additional 113 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Vulcan Materials during the third quarter worth approximately $42,000. Finally, UMB Bank n.a. raised its stake 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 worth $48,000 after buying an additional 108 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on VMC shares. Barclays upped their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Stephens reaffirmed an “overweight” rating and issued a $325.00 target price on shares of Vulcan Materials in a research note on Thursday, January 2nd. UBS Group started coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 target price for the company. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Finally, Royal Bank of Canada upped their target price on shares of Vulcan Materials from $269.00 to $286.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 19th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $305.00.

Vulcan Materials Stock Down 2.3 %

Vulcan Materials stock opened at $252.68 on Monday. The stock has a market capitalization of $33.37 billion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.03 and a beta of 0.84. Vulcan Materials has a twelve month low of $225.36 and a twelve month high of $298.31. The company has a quick ratio of 2.02, a current ratio of 1.83 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $266.20 and a 200-day moving average of $261.66.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Tuesday, February 18th. The construction company reported $2.17 EPS for the quarter, topping the consensus estimate of $1.76 by $0.41. Vulcan Materials had a net margin of 12.30% and a return on equity of 12.83%. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the prior year, the company posted $1.46 earnings per share. On average, equities research analysts anticipate that Vulcan Materials will post 8.69 EPS 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. Investors of record on Monday, March 10th will be issued a dividend of $0.49 per share. This is a boost from Vulcan Materials’s previous quarterly dividend of $0.46. The ex-dividend date is Monday, March 10th. This represents a $1.96 annualized dividend and a yield of 0.78%. Vulcan Materials’s dividend payout ratio is presently 26.86%.

About Vulcan Materials

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.