Vulcan Materials (NYSE:VMC) Shares Sold by Scott & Selber Inc.

Scott & Selber Inc. decreased its stake in shares of Vulcan Materials (NYSE:VMC) by 0.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,750 shares of the construction company’s stock after selling 44 shares during the quarter. Scott & Selber Inc.’s holdings in Vulcan Materials were worth $1,690,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. United Asset Strategies Inc. grew its stake in Vulcan Materials by 1.1% during the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after purchasing an additional 39 shares in the last quarter. Sequoia Financial Advisors LLC boosted its stake in shares of Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock valued at $498,000 after buying an additional 44 shares during the period. Marcum Wealth LLC grew its position in shares of Vulcan Materials by 5.7% during the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after buying an additional 46 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after buying an additional 47 shares during the period. Finally, Golden State Equity Partners raised its holdings in Vulcan Materials by 4.5% in the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock valued at $275,000 after acquiring an additional 47 shares in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.6 %

Shares of NYSE:VMC opened at $292.31 on Friday. Vulcan Materials has a 1-year low of $208.09 and a 1-year high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The stock has a market cap of $38.60 billion, a P/E ratio of 46.11, a P/E/G ratio of 2.79 and a beta of 0.81. The firm has a fifty day moving average price of $251.73 and a 200 day moving average price of $253.19.

Vulcan Materials (NYSE:VMC) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion for 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%. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the company posted $2.29 EPS. Sell-side analysts predict that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.63%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on VMC. UBS Group initiated coverage on shares of Vulcan Materials in a research report on Thursday. They issued a “buy” rating and a $349.00 price objective on the stock. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Royal Bank of Canada decreased their price target on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, JPMorgan Chase & Co. cut their target price on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and a consensus target price of $280.46.

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.