Vulcan Materials (NYSE:VMC) Shares Acquired by Compass Ion Advisors LLC

Compass Ion Advisors LLC boosted its position in shares of Vulcan Materials (NYSE:VMC) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,940 shares of the construction company’s stock after buying an additional 173 shares during the quarter. Compass Ion Advisors LLC’s holdings in Vulcan Materials were worth $1,488,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Capital World Investors bought a new stake in Vulcan Materials during the first quarter worth approximately $388,027,000. Vanguard Group Inc. raised its holdings in Vulcan Materials by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock worth $4,368,273,000 after buying an additional 755,991 shares during the period. Nordea Investment Management AB lifted its stake in Vulcan Materials by 621.1% during the first quarter. Nordea Investment Management AB now owns 235,879 shares of the construction company’s stock valued at $64,581,000 after buying an additional 203,166 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Vulcan Materials by 1,191.7% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 159,005 shares of the construction company’s stock worth $39,541,000 after buying an additional 146,695 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Vulcan Materials by 136.1% in the second quarter. AQR Capital Management LLC now owns 184,471 shares of the construction company’s stock worth $45,874,000 after acquiring an additional 106,324 shares in the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 1.2 %

Vulcan Materials stock traded up $3.08 during mid-day trading on Friday, hitting $261.72. 829,144 shares of the company’s stock were exchanged, compared to its average volume of 866,241. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79. The stock has a 50 day moving average of $244.53 and a two-hundred day moving average of $252.44. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. The stock has a market cap of $34.56 billion, a P/E ratio of 38.21, a P/E/G ratio of 2.45 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company posted $2.29 EPS. The business’s revenue was down 4.7% on a year-over-year basis. As a group, analysts anticipate that Vulcan Materials will post 7.67 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio is 26.86%.

Analysts Set New Price Targets

Several brokerages recently commented on VMC. StockNews.com downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research report on Saturday, October 12th. JPMorgan Chase & Co. lowered their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, October 9th. Loop Capital lowered their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Royal Bank of Canada reduced their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Finally, Truist Financial lowered their price objective on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.45.

Vulcan Materials 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.