First Horizon Advisors Inc. Has $224,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

First Horizon Advisors Inc. reduced its holdings in Vulcan Materials (NYSE:VMC) by 27.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 894 shares of the construction company’s stock after selling 334 shares during the quarter. First Horizon Advisors Inc.’s holdings in Vulcan Materials were worth $224,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. United Asset Strategies Inc. increased its holdings in Vulcan Materials by 1.1% in the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock valued at $938,000 after purchasing an additional 39 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Vulcan Materials by 2.3% during the third quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after acquiring an additional 44 shares during the last quarter. Marcum Wealth LLC lifted its stake in shares of Vulcan Materials by 5.7% in the third quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock worth $214,000 after acquiring an additional 46 shares during the period. UMB Bank n.a. increased its position in Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares during the period. Finally, Golden State Equity Partners raised its holdings in Vulcan Materials by 4.5% during the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock worth $275,000 after purchasing an additional 47 shares during the last quarter. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Stock Up 1.2 %

Shares of NYSE VMC opened at $284.61 on Friday. 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 company has a 50-day moving average price of $261.25 and a 200-day moving average price of $254.72. The stock has a market capitalization of $37.59 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.67 and a beta of 0.81. Vulcan Materials has a 1 year low of $209.60 and a 1 year high of $298.31.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the firm posted $2.29 EPS. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities research analysts forecast that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s payout ratio is currently 29.02%.

Analysts Set New Price Targets

VMC has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 9th. Stephens decreased 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. Royal Bank of Canada dropped their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial raised 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. Finally, Citigroup dropped their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Company 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.