Marcum Wealth LLC Purchases 46 Shares of Vulcan Materials (NYSE:VMC)

Marcum Wealth LLC raised its position in shares of Vulcan Materials (NYSE:VMC) by 5.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 854 shares of the construction company’s stock after acquiring an additional 46 shares during the period. Marcum Wealth LLC’s holdings in Vulcan Materials were worth $214,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of VMC. Syon Capital LLC boosted its holdings in Vulcan Materials by 19.0% during the fourth quarter. Syon Capital LLC now owns 2,301 shares of the construction company’s stock valued at $522,000 after acquiring an additional 368 shares during the period. American International Group Inc. boosted its holdings in Vulcan Materials by 0.4% during the fourth quarter. American International Group Inc. now owns 36,109 shares of the construction company’s stock valued at $8,197,000 after acquiring an additional 131 shares during the period. Trust Co. of Vermont boosted its holdings in Vulcan Materials by 144.0% during the fourth quarter. Trust Co. of Vermont now owns 244 shares of the construction company’s stock valued at $55,000 after acquiring an additional 144 shares during the period. Wahed Invest LLC boosted its holdings in Vulcan Materials by 6.9% during the fourth quarter. Wahed Invest LLC now owns 2,259 shares of the construction company’s stock valued at $513,000 after acquiring an additional 146 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in Vulcan Materials by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 15,249,701 shares of the construction company’s stock valued at $3,461,835,000 after acquiring an additional 105,230 shares during the period. 90.39% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of several research reports. StockNews.com cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank of Canada reduced their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Citigroup reduced their target price 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. Truist Financial reduced their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. Finally, Loop Capital reduced their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $272.45.

Vulcan Materials Stock Performance

NYSE:VMC opened at $247.51 on Friday. Vulcan Materials has a 12-month low of $190.51 and a 12-month high of $278.79. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $32.69 billion, a PE ratio of 36.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The firm has a 50-day moving average price of $244.04 and a 200 day moving average price of $253.29.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). The business had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The business’s revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the company earned $2.29 EPS. Research analysts anticipate that Vulcan Materials will post 7.69 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.74%. Vulcan Materials’s payout ratio is 26.86%.

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.