Vulcan Materials (NYSE:VMC) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank decreased its holdings in Vulcan Materials (NYSE:VMC) by 13.3% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 65,163 shares of the construction company’s stock after selling 9,986 shares during the period. Toronto Dominion Bank’s holdings in Vulcan Materials were worth $16,205,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Vulcan Materials by 5.0% in the first quarter. Vanguard Group Inc. now owns 16,005,692 shares of the construction company’s stock valued at $4,368,273,000 after purchasing an additional 755,991 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Vulcan Materials by 1.9% in the 1st quarter. Principal Financial Group Inc. now owns 4,494,455 shares of the construction company’s stock valued at $1,226,627,000 after purchasing an additional 83,601 shares during the last quarter. Capital World Investors acquired a new position in shares of Vulcan Materials in the 1st quarter valued at $388,027,000. Dimensional Fund Advisors LP grew its stake in shares of Vulcan Materials by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company’s stock valued at $331,404,000 after buying an additional 43,294 shares during the period. Finally, Point72 Asset Management L.P. increased its holdings in shares of Vulcan Materials by 271.0% during the 4th quarter. Point72 Asset Management L.P. now owns 823,141 shares of the construction company’s stock worth $186,861,000 after buying an additional 601,268 shares during the last quarter. Institutional investors and hedge funds own 90.39% of the company’s stock.

Analyst Upgrades and Downgrades

VMC has been the subject of a number of research reports. Stephens lowered 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. Truist Financial decreased their target price on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 7th. Loop Capital cut their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Citigroup decreased their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Royal Bank of Canada cut their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials has an average rating of “Moderate Buy” and a consensus price target of $274.73.

Vulcan Materials Stock Up 0.3 %

Shares of Vulcan Materials stock opened at $250.47 on Friday. 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 has a 1-year low of $190.51 and a 1-year high of $278.79. The business has a 50-day moving average of $247.97 and a 200-day moving average of $255.19. The company has a market capitalization of $33.08 billion, a PE ratio of 36.57, a P/E/G ratio of 2.32 and a beta of 0.82.

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

Vulcan Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $1.84 dividend on an annualized basis and a yield of 0.73%. Vulcan Materials’s dividend payout ratio (DPR) is 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.