Vulcan Materials (NYSE:VMC) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC trimmed its stake in shares of Vulcan Materials (NYSE:VMC) by 5.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,015 shares of the construction company’s stock after selling 56 shares during the period. Greenwood Capital Associates LLC’s holdings in Vulcan Materials were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. SouthState Corp grew its position in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after purchasing an additional 87 shares during the period. Kings Path Partners LLC purchased a new position in Vulcan Materials during the second quarter worth approximately $27,000. UMB Bank n.a. raised its holdings in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares during the period. Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at about $35,000. Finally, Manchester Capital Management LLC increased its position in Vulcan Materials by 1,218.2% during the first quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock worth $40,000 after purchasing an additional 134 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

VMC stock opened at $272.67 on Wednesday. The stock’s 50 day simple moving average is $248.71 and its 200 day simple moving average is $252.40. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 12-month low of $206.11 and a 12-month high of $279.47. The firm has a market cap of $36.01 billion, a P/E ratio of 43.01, a P/E/G ratio of 2.58 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The firm had revenue of $2 billion for 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%. The firm’s revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.29 EPS. As a group, equities research analysts predict that Vulcan Materials will post 7.2 EPS for the current 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 dividend yield of 0.67%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s payout ratio is 29.02%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Stephens dropped 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. Royal Bank of Canada dropped their target price on 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. JPMorgan Chase & Co. decreased their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Finally, Truist Financial boosted their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company has an average 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.