Vulcan Materials (NYSE:VMC) Shares Sold by Jamison Private Wealth Management Inc.

Jamison Private Wealth Management Inc. lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 0.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,703 shares of the construction company’s stock after selling 48 shares during the quarter. Vulcan Materials comprises about 3.1% of Jamison Private Wealth Management Inc.’s holdings, making the stock its 5th biggest holding. Jamison Private Wealth Management Inc. owned 0.06% of Vulcan Materials worth $20,461,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Cetera Advisors LLC grew its stake in Vulcan Materials by 118.1% during the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock worth $1,132,000 after buying an additional 2,245 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of Vulcan Materials by 621.1% in the 1st quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock valued at $64,581,000 after acquiring an additional 203,166 shares during the period. Mather Group LLC. raised its position in Vulcan Materials by 16.1% in the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock valued at $134,000 after purchasing an additional 68 shares during the last quarter. Raymond James & Associates boosted its stake in Vulcan Materials by 3.0% during the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock worth $50,367,000 after purchasing an additional 5,979 shares during the period. Finally, Avantax Advisory Services Inc. grew its position in Vulcan Materials by 150.1% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock worth $1,093,000 after purchasing an additional 2,404 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analysts Set New Price Targets

VMC has been the subject of several recent research reports. Royal Bank of Canada decreased their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Citigroup decreased their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Loop Capital dropped their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. StockNews.com cut Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $272.45.

Vulcan Materials Stock Performance

NYSE:VMC opened at $252.79 on Wednesday. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The firm’s fifty day simple moving average is $243.63 and its 200-day simple moving average is $252.52. The stock has a market cap of $33.43 billion, a PE ratio of 36.90, a price-to-earnings-growth ratio of 2.28 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. Vulcan Materials’s revenue was down 4.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.29 earnings per share. Analysts expect that Vulcan Materials will post 7.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 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.