Financial Counselors Inc. Reduces Position in Vulcan Materials (NYSE:VMC)

Financial Counselors Inc. trimmed its holdings in Vulcan Materials (NYSE:VMC) by 14.5% during the third quarter, HoldingsChannel reports. The firm owned 943 shares of the construction company’s stock after selling 160 shares during the period. Financial Counselors Inc.’s holdings in Vulcan Materials were worth $236,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. United Asset Strategies Inc. lifted its position in Vulcan Materials by 1.1% during the third quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company’s stock worth $938,000 after buying an additional 39 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company’s stock worth $498,000 after acquiring an additional 44 shares during the last quarter. Marcum Wealth LLC raised its holdings 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 worth $214,000 after acquiring an additional 46 shares during the period. UMB Bank n.a. boosted its position in shares of Vulcan Materials by 61.8% during the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Golden State Equity Partners boosted its position in shares of Vulcan Materials by 4.5% during the 3rd quarter. Golden State Equity Partners now owns 1,099 shares of the construction company’s stock valued at $275,000 after acquiring an additional 47 shares during the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Up 0.6 %

Shares of NYSE:VMC opened at $288.13 on Monday. The firm has a market capitalization 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 1 year low of $209.60 and a 1 year high of $298.31. 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 firm’s 50-day moving average is $265.28 and its two-hundred day moving average is $255.16.

Vulcan Materials (NYSE:VMC) last announced its 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 business had revenue of $2 billion for the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the previous year, the company earned $2.29 earnings per share. Vulcan Materials’s quarterly revenue was down 8.3% on a year-over-year basis. Analysts predict that Vulcan Materials will post 7.16 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 0.64%. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Analysts Set New Price Targets

A number of brokerages have commented on VMC. Barclays lifted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Truist Financial lifted their price target on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com upgraded Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Royal Bank of Canada reduced 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. Finally, UBS Group started coverage on Vulcan Materials in a report on Thursday, November 7th. They set a “buy” rating and a $349.00 price target for the company. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $283.92.

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.