Private Advisor Group LLC Boosts Stock Holdings in Vulcan Materials (NYSE:VMC)

Private Advisor Group LLC lifted its position in shares of Vulcan Materials (NYSE:VMC) by 5.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,732 shares of the construction company’s stock after purchasing an additional 255 shares during the period. Private Advisor Group LLC’s holdings in Vulcan Materials were worth $1,177,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Contravisory Investment Management Inc. increased its stake in shares of Vulcan Materials by 1.6% during the first quarter. Contravisory Investment Management Inc. now owns 2,579 shares of the construction company’s stock valued at $704,000 after purchasing an additional 40 shares in the last quarter. Commerce Bank boosted its stake in shares of Vulcan Materials by 1.0% during the 4th quarter. Commerce Bank now owns 4,442 shares of the construction company’s stock worth $1,008,000 after acquiring an additional 43 shares during the last quarter. UMB Bank n.a. raised 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 purchasing an additional 47 shares during the period. Monetary Management Group Inc. raised its position in shares of Vulcan Materials by 2.3% during the 2nd quarter. Monetary Management Group Inc. now owns 2,250 shares of the construction company’s stock valued at $560,000 after purchasing an additional 50 shares during the period. Finally, Covestor Ltd raised its position in shares of Vulcan Materials by 13.6% during the 1st quarter. Covestor Ltd now owns 425 shares of the construction company’s stock valued at $116,000 after purchasing an additional 51 shares during the period. 90.39% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on VMC. Stephens decreased their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Royal Bank of Canada cut their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Loop Capital dropped their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Citigroup dropped their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Finally, Truist Financial decreased their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $274.73.

Vulcan Materials Stock Performance

NYSE:VMC opened at $237.47 on Monday. The stock has a market cap of $31.36 billion, a PE ratio of 34.67, a price-to-earnings-growth ratio of 2.19 and a beta of 0.82. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The firm’s fifty day simple moving average is $248.40 and its 200-day simple moving average is $256.15. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43.

Vulcan Materials (NYSE:VMC) last announced its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 by ($0.12). Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company had revenue of $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter in the previous year, the company earned $2.29 earnings per share. The company’s revenue was down 4.7% on a year-over-year basis. Analysts expect that Vulcan Materials will post 7.73 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Stockholders of record on Thursday, August 15th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Thursday, August 15th. Vulcan Materials’s payout ratio is currently 26.86%.

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.