Evermay Wealth Management LLC Sells 106 Shares of Vulcan Materials (NYSE:VMC)

Evermay Wealth Management LLC cut its holdings in Vulcan Materials (NYSE:VMC) by 5.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,690 shares of the construction company’s stock after selling 106 shares during the period. Evermay Wealth Management LLC’s holdings in Vulcan Materials were worth $423,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. SouthState Corp increased its stake in Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares during the last quarter. Kings Path Partners LLC acquired a new stake in shares of Vulcan Materials in the second quarter valued at about $27,000. UMB Bank n.a. raised its holdings in 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 acquiring an additional 47 shares in the last quarter. Concord Wealth Partners acquired a new position in Vulcan Materials during the third quarter valued at approximately $35,000. Finally, Manchester Capital Management LLC grew 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 purchasing an additional 134 shares in the last quarter. Institutional investors own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on VMC shares. JPMorgan Chase & Co. dropped their price objective on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Truist Financial dropped 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. Barclays lifted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday. StockNews.com cut shares of Vulcan Materials from a “hold” rating to a “sell” rating in a report on Saturday, October 12th. Finally, Stephens reduced their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $273.50.

Vulcan Materials Price Performance

Shares of VMC stock traded up $10.34 on Wednesday, hitting $269.89. 517,759 shares of the company’s stock were exchanged, compared to its average volume of 826,476. Vulcan Materials has a 12 month low of $195.70 and a 12 month high of $278.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66. The company has a 50 day moving average of $246.31 and a 200 day moving average of $251.85. The stock has a market cap of $35.64 billion, a P/E ratio of 37.89, a price-to-earnings-growth ratio of 2.35 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company had revenue of $2.01 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the firm posted $2.29 EPS. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities research analysts predict that Vulcan Materials will post 7.58 EPS for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.68%. Vulcan Materials’s dividend payout ratio is presently 26.86%.

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.