Silvant Capital Management LLC Trims Holdings in Vulcan Materials (NYSE:VMC)

Silvant Capital Management LLC reduced its holdings in shares of Vulcan Materials (NYSE:VMC) by 0.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 105,819 shares of the construction company’s stock after selling 152 shares during the period. Vulcan Materials accounts for about 1.2% of Silvant Capital Management LLC’s investment portfolio, making the stock its 18th largest holding. Silvant Capital Management LLC owned about 0.08% of Vulcan Materials worth $26,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cetera Advisors LLC grew its stake in shares of Vulcan Materials by 118.1% in 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 raised its position 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 worth $64,581,000 after purchasing an additional 203,166 shares during the last quarter. Mather Group LLC. boosted its stake in Vulcan Materials by 16.1% in the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock worth $134,000 after purchasing an additional 68 shares in the last quarter. Raymond James & Associates increased 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 valued at $50,367,000 after purchasing an additional 5,979 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in Vulcan Materials by 150.1% in the first quarter. Avantax Advisory Services Inc. now owns 4,006 shares of the construction company’s stock worth $1,093,000 after buying an additional 2,404 shares during the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Down 1.3 %

VMC opened at $270.39 on Friday. The firm’s 50 day simple moving average is $247.70 and its two-hundred day simple moving average is $252.24. The company has a market capitalization of $35.71 billion, a PE ratio of 42.65, a PEG ratio of 2.60 and a beta of 0.80. Vulcan Materials has a 1-year low of $206.02 and a 1-year high of $279.47. The company has a current ratio of 2.86, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. Vulcan Materials’s revenue for the quarter was down 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $2.29 earnings per share. As a group, equities analysts forecast that Vulcan Materials will post 7.32 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.68%. Vulcan Materials’s payout ratio is currently 29.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on VMC shares. Stephens reduced their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday. Citigroup decreased their price target 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. 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 report on Wednesday, October 9th. Finally, Truist Financial upped their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $274.75.

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.