Atria Investments Inc Boosts Stock Position in Vulcan Materials (NYSE:VMC)

Atria Investments Inc grew its holdings in Vulcan Materials (NYSE:VMC) by 8.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,143 shares of the construction company’s stock after buying an additional 583 shares during the quarter. Atria Investments Inc’s holdings in Vulcan Materials were worth $1,789,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. SouthState Corp increased its position in shares of 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 purchased a new stake in shares of Vulcan Materials in the second quarter valued at approximately $27,000. UMB Bank n.a. increased its position in shares of 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. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials in the third quarter valued at approximately $35,000. Finally, Washington Trust Advisors Inc. increased its position in shares of Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after buying an additional 113 shares in the last quarter. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of several research reports. JPMorgan Chase & Co. dropped their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Stephens dropped their price target on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Royal Bank of Canada dropped 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. Truist Financial boosted their price target on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Barclays boosted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and a consensus target price of $280.46.

Vulcan Materials Price Performance

Shares of NYSE VMC opened at $279.28 on Friday. The stock’s 50-day moving average is $255.72 and its two-hundred day moving average is $253.99. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. Vulcan Materials has a 1-year low of $209.39 and a 1-year high of $298.31. The company has a market cap of $36.88 billion, a price-to-earnings ratio of 44.47, a price-to-earnings-growth ratio of 2.76 and a beta of 0.81.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 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 business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same quarter in the previous year, the company posted $2.29 EPS. The company’s revenue was down 8.3% compared to the same quarter last year. Analysts forecast that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The firm 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 $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.66%. 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.