United Asset Strategies Inc. Acquires 39 Shares of Vulcan Materials (NYSE:VMC)

United Asset Strategies Inc. raised its position in shares of Vulcan Materials (NYSE:VMC) by 1.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,747 shares of the construction company’s stock after purchasing an additional 39 shares during the quarter. United Asset Strategies Inc.’s holdings in Vulcan Materials were worth $938,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in VMC. Wealth Enhancement Advisory Services LLC lifted its holdings in Vulcan Materials by 2.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,044 shares of the construction company’s stock worth $1,923,000 after purchasing an additional 193 shares in the last quarter. State of Alaska Department of Revenue grew its position in Vulcan Materials by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 14,416 shares of the construction company’s stock valued at $3,934,000 after acquiring an additional 65 shares during the last quarter. First Trust Direct Indexing L.P. grew its position in Vulcan Materials by 18.3% in the 1st quarter. First Trust Direct Indexing L.P. now owns 4,197 shares of the construction company’s stock valued at $1,145,000 after acquiring an additional 649 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of Vulcan Materials by 2.8% during the 1st quarter. Maryland State Retirement & Pension System now owns 10,396 shares of the construction company’s stock worth $2,664,000 after buying an additional 281 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Vulcan Materials by 13.4% during the 1st quarter. BNP Paribas Financial Markets now owns 76,356 shares of the construction company’s stock worth $20,839,000 after buying an additional 9,031 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Stephens decreased their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Truist Financial reduced their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. JPMorgan Chase & Co. reduced their price objective on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Citigroup reduced their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, StockNews.com lowered Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. One 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $273.50.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $273.94 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 1.66. The business’s 50 day moving average price is $247.39 and its 200-day moving average price is $252.18. The firm has a market capitalization of $36.18 billion, a PE ratio of 43.21, a P/E/G ratio of 2.60 and a beta of 0.82. Vulcan Materials has a 1 year low of $195.70 and a 1 year high of $279.47.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 earnings per share. As a group, equities research analysts expect that Vulcan Materials will post 7.39 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. Vulcan Materials’s payout ratio is 29.02%.

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.