B. Riley Wealth Advisors Inc. Raises Stock Holdings in Vulcan Materials (NYSE:VMC)

B. Riley Wealth Advisors Inc. raised its position in shares of Vulcan Materials (NYSE:VMC) by 6.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,353 shares of the construction company’s stock after purchasing an additional 86 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Vulcan Materials were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its position in Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company’s stock valued at $1,332,431,000 after buying an additional 884,580 shares during the last quarter. State Street Corp lifted its stake in Vulcan Materials by 1.2% during the 3rd quarter. State Street Corp now owns 5,281,102 shares of the construction company’s stock valued at $1,322,546,000 after acquiring an additional 65,163 shares during the period. FMR LLC boosted its holdings in shares of Vulcan Materials by 2.2% in the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company’s stock valued at $916,807,000 after acquiring an additional 78,271 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Vulcan Materials by 1.0% in the third quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company’s stock worth $826,644,000 after acquiring an additional 33,061 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Vulcan Materials by 18.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company’s stock worth $533,551,000 after purchasing an additional 330,433 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

NYSE:VMC opened at $263.13 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The stock has a market capitalization of $34.75 billion, a PE ratio of 41.50, a P/E/G ratio of 2.67 and a beta of 0.81. Vulcan Materials has a fifty-two week low of $218.37 and a fifty-two week high of $298.31. The company has a fifty day moving average of $274.90 and a two-hundred day moving average of $257.29.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. 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 company earned $2.29 EPS. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. As a group, research analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s dividend payout ratio is presently 29.02%.

Wall Street Analysts Forecast Growth

VMC has been the topic of several recent research reports. StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Truist Financial raised their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Barclays boosted their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. raised their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, UBS Group began coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and an average target price of $284.33.

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.