Nvwm LLC Grows Position in Vulcan Materials (NYSE:VMC)

Nvwm LLC increased its stake in shares of Vulcan Materials (NYSE:VMC) by 2.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,170 shares of the construction company’s stock after acquiring an additional 75 shares during the quarter. Nvwm LLC’s holdings in Vulcan Materials were worth $794,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cetera Advisors LLC grew its position in shares of Vulcan Materials by 118.1% during the first quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after purchasing an additional 2,245 shares in the last quarter. Nordea Investment Management AB boosted 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 during the last quarter. Mather Group LLC. grew its holdings in Vulcan Materials by 16.1% during the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company’s stock valued at $134,000 after buying an additional 68 shares in the last quarter. Raymond James & Associates increased its stake in Vulcan Materials by 3.0% in the 2nd quarter. Raymond James & Associates now owns 202,539 shares of the construction company’s stock worth $50,367,000 after acquiring an additional 5,979 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its holdings in shares of 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 acquiring an additional 2,404 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Down 1.3 %

Shares of NYSE VMC traded down $3.54 during midday trading on Friday, hitting $270.39. The company’s stock had a trading volume of 986,524 shares, compared to its average volume of 963,466. Vulcan Materials has a 12-month low of $206.02 and a 12-month 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. The firm has a market cap of $35.71 billion, a P/E ratio of 42.65, a price-to-earnings-growth ratio of 2.60 and a beta of 0.80. The business’s 50 day moving average is $247.70 and its two-hundred day moving average is $252.20.

Vulcan Materials (NYSE:VMC) last released its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, equities research analysts expect 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. Investors of record on Monday, November 4th will be issued 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 yield of 0.68%. Vulcan Materials’s payout ratio is 29.02%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on VMC shares. Stephens cut their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. 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 on the stock in a research report on Wednesday, August 7th. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Truist Financial boosted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $274.75.

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.