3,443 Shares in Vulcan Materials (NYSE:VMC) Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new stake in Vulcan Materials (NYSE:VMC) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,443 shares of the construction company’s stock, valued at approximately $862,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Vulcan Materials in the 1st quarter valued at approximately $282,000. Swedbank AB purchased a new stake in shares of Vulcan Materials during the 1st quarter worth $519,000. Cetera Investment Advisers boosted its position in shares of Vulcan Materials by 111.5% during the 1st quarter. Cetera Investment Advisers now owns 14,423 shares of the construction company’s stock worth $3,936,000 after purchasing an additional 7,603 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company’s stock valued at $1,132,000 after purchasing an additional 2,245 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Vulcan Materials by 8.7% in the first quarter. DekaBank Deutsche Girozentrale now owns 21,224 shares of the construction company’s stock valued at $5,761,000 after purchasing an additional 1,692 shares during the period. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on VMC. Barclays upped their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Royal Bank of Canada decreased their target price on 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. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Finally, Stephens decreased their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $283.92.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $288.13 on Monday. The company has a 50-day simple moving average of $265.28 and a 200-day simple moving average of $255.16. 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 market cap of $38.05 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 2.79 and a beta of 0.81. Vulcan Materials has a 12 month low of $209.60 and a 12 month high of $298.31.

Vulcan Materials (NYSE:VMC) last announced its 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). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm’s revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.29 EPS. On average, equities analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s dividend payout ratio is currently 29.02%.

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.