Vulcan Materials (NYSE:VMC) Stake Trimmed by Hyman Charles D

Hyman Charles D trimmed its stake in Vulcan Materials (NYSE:VMC) by 8.0% during the second quarter, Holdings Channel reports. The fund owned 197,694 shares of the construction company’s stock after selling 17,160 shares during the period. Vulcan Materials makes up approximately 2.7% of Hyman Charles D’s portfolio, making the stock its 7th largest position. Hyman Charles D’s holdings in Vulcan Materials were worth $49,163,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC purchased a new position in Vulcan Materials in the first quarter valued at about $27,000. Opal Wealth Advisors LLC purchased a new position in Vulcan Materials in the first quarter valued at about $33,000. YHB Investment Advisors Inc. purchased a new position in Vulcan Materials in the first quarter valued at about $34,000. Concord Wealth Partners purchased a new position in Vulcan Materials in the first quarter valued at about $34,000. Finally, Manchester Capital Management LLC boosted its stake in Vulcan Materials by 1,218.2% in the first quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock valued at $40,000 after acquiring an additional 134 shares during the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

VMC has been the topic of several research reports. Truist Financial lowered their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Citigroup lowered their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Loop Capital lowered their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Royal Bank of Canada lowered their price target 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. Finally, Stephens decreased their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. 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 company presently has an average rating of “Moderate Buy” and an average price target of $274.73.

Vulcan Materials Trading Down 1.7 %

Shares of Vulcan Materials stock traded down $4.24 during trading on Monday, reaching $250.65. The company’s stock had a trading volume of 447,624 shares, compared to its average volume of 796,868. Vulcan Materials has a 52-week low of $190.51 and a 52-week high of $278.79. The company has a market cap of $33.15 billion, a price-to-earnings ratio of 36.59, a PEG ratio of 2.25 and a beta of 0.82. The firm’s 50-day moving average is $251.30 and its two-hundred day moving average is $257.56. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the company posted $2.29 EPS. Vulcan Materials’s revenue for the quarter was down 4.7% on a year-over-year basis. On average, sell-side analysts anticipate that Vulcan Materials will post 7.9 earnings per share for the current year.

Vulcan Materials Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.73%. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

Insider Activity

In other Vulcan Materials news, SVP David P. Clement sold 1,000 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $249.50, for a total transaction of $249,500.00. Following the completion of the sale, the senior vice president now owns 1,660 shares of the company’s stock, valued at approximately $414,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is owned by corporate insiders.

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.