Bard Financial Services Inc. Has $1.38 Million Holdings in Vulcan Materials (NYSE:VMC)

Bard Financial Services Inc. cut its holdings in Vulcan Materials (NYSE:VMC) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,515 shares of the construction company’s stock after selling 300 shares during the quarter. Bard Financial Services Inc.’s holdings in Vulcan Materials were worth $1,381,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of VMC. SouthState Corp boosted its stake in Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares in the last quarter. Kings Path Partners LLC acquired a new stake in Vulcan Materials in the second quarter valued at about $27,000. Ashton Thomas Securities LLC acquired a new stake in Vulcan Materials in the third quarter valued at about $30,000. UMB Bank n.a. boosted its stake in Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after buying an additional 47 shares in the last quarter. Finally, Concord Wealth Partners acquired a new stake in Vulcan Materials in the third quarter valued at about $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on VMC. Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. JPMorgan Chase & Co. lifted their price target on Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Truist Financial lifted their price target on Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Finally, UBS Group began coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, Vulcan Materials currently has an average rating of “Moderate Buy” and a consensus price target of $283.92.

Vulcan Materials Trading Down 1.8 %

Shares of VMC stock opened at $276.27 on Wednesday. The company has a market cap of $36.48 billion, a P/E ratio of 43.58, a PEG ratio of 2.77 and a beta of 0.81. The stock has a 50 day simple moving average of $269.52 and a two-hundred day simple moving average of $256.25. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. Vulcan Materials has a fifty-two week low of $216.38 and a fifty-two week high of $298.31.

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

Vulcan Materials Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. Vulcan Materials’s 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.