20,207 Shares in Vulcan Materials (NYSE:VMC) Acquired by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE acquired a new position in Vulcan Materials (NYSE:VMC) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,207 shares of the construction company’s stock, valued at approximately $5,060,000. Vulcan Materials makes up approximately 2.8% of Regency Capital Management Inc. DE’s holdings, making the stock its 18th biggest holding.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. boosted its stake in Vulcan Materials by 1.6% during the 1st 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. UMB Bank n.a. boosted its stake 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 worth $31,000 after acquiring an additional 47 shares in the last quarter. Monetary Management Group Inc. boosted its stake 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 worth $560,000 after acquiring an additional 50 shares in the last quarter. Covestor Ltd boosted its stake in shares of Vulcan Materials by 13.6% during the 1st quarter. Covestor Ltd now owns 425 shares of the construction company’s stock worth $116,000 after acquiring an additional 51 shares in the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Vulcan Materials by 26.5% during the 2nd quarter. Versant Capital Management Inc now owns 267 shares of the construction company’s stock worth $66,000 after acquiring an additional 56 shares in the last quarter. 90.39% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

VMC has been the subject of several research reports. Stephens reduced their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada reduced their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Citigroup reduced their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com lowered Vulcan Materials from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Loop Capital reduced their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Vulcan Materials currently has a consensus rating of “Moderate Buy” and a consensus target price of $274.73.

Vulcan Materials Stock Up 0.1 %

Vulcan Materials stock traded up $0.33 during mid-day trading on Friday, hitting $241.43. 525,656 shares of the company’s stock were exchanged, compared to its average volume of 821,607. The company has a current ratio of 2.48, a quick ratio of 1.66 and a debt-to-equity ratio of 0.43. The stock has a market cap of $31.88 billion, a P/E ratio of 35.25, a P/E/G ratio of 2.23 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 stock has a 50 day moving average of $246.82 and a two-hundred day moving average of $254.38.

Vulcan Materials (NYSE:VMC) last issued its quarterly earnings results 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 during the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The company’s revenue for the quarter was down 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.29 earnings per share. As a group, analysts anticipate that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors 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 yield of 0.76%. The ex-dividend date was Thursday, August 15th. Vulcan Materials’s dividend payout ratio (DPR) is presently 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.