Vulcan Materials (NYSE:VMC) Shares Bought by Choreo LLC

Choreo LLC raised its position in Vulcan Materials (NYSE:VMC) by 107.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,885 shares of the construction company’s stock after purchasing an additional 2,525 shares during the quarter. Choreo LLC’s holdings in Vulcan Materials were worth $1,193,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SouthState Corp raised its holdings 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 during the period. Register Financial Advisors LLC acquired a new stake in shares of Vulcan Materials in the first quarter worth $27,000. Kings Path Partners LLC purchased a new position in shares of Vulcan Materials in the 2nd quarter valued at $27,000. UMB Bank n.a. lifted its holdings 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 in the last quarter. Finally, Opal Wealth Advisors LLC acquired a new position in shares of Vulcan Materials during the 1st quarter valued at $33,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Loop Capital reduced their price objective on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Royal Bank of Canada reduced their price target 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. Stephens lowered their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Truist Financial reduced their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Finally, Citigroup lowered their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average price target of $274.73.

Vulcan Materials Price Performance

Shares of VMC stock opened at $236.27 on Friday. The firm has a fifty day moving average of $248.54 and a two-hundred day moving average of $256.41. The firm has a market cap of $31.20 billion, a P/E ratio of 34.49, a P/E/G ratio of 2.13 and a beta of 0.82. Vulcan Materials has a 1-year low of $190.51 and a 1-year high of $278.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.48 and a quick ratio of 1.66.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business posted $2.29 earnings per share. The firm’s revenue for the quarter was down 4.7% on a year-over-year basis. As a group, research analysts anticipate that Vulcan Materials will post 7.82 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, September 4th. Stockholders of record on Thursday, August 15th were issued a $0.46 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.78%. Vulcan Materials’s dividend payout ratio (DPR) is 26.86%.

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.