Vulcan Materials (NYSE:VMC) Shares Sold by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI decreased its stake in shares of Vulcan Materials (NYSE:VMC) by 10.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 881 shares of the construction company’s stock after selling 101 shares during the period. Citizens Financial Group Inc. RI’s holdings in Vulcan Materials were worth $221,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. United Asset Strategies Inc. boosted its holdings in shares of 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 acquiring an additional 39 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in 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 acquiring an additional 44 shares during the last quarter. Marcum Wealth LLC boosted its position in shares of Vulcan Materials by 5.7% during the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company’s stock valued at $214,000 after purchasing an additional 46 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. Finally, Golden State Equity Partners raised its holdings in shares of Vulcan Materials by 4.5% in 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 in the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 1.2 %

VMC stock opened at $284.61 on Friday. Vulcan Materials has a 12-month low of $209.60 and a 12-month high of $298.31. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The company has a market cap of $37.59 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 2.72 and a beta of 0.81. The company has a 50 day moving average of $261.25 and a two-hundred day moving average of $254.63.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the previous year, the firm posted $2.29 EPS. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business 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 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio is 29.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on VMC. 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 report on Thursday, August 8th. 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 research report on Wednesday, August 7th. Barclays boosted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. decreased their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.