Bard Financial Services Inc. Sells 2,025 Shares of Vulcan Materials (NYSE:VMC)

Bard Financial Services Inc. lessened its stake in shares of Vulcan Materials (NYSE:VMC) by 34.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,790 shares of the construction company’s stock after selling 2,025 shares during the period. Bard Financial Services Inc.’s holdings in Vulcan Materials were worth $949,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VMC. Register Financial Advisors LLC bought a new stake in shares of Vulcan Materials in the 1st quarter worth $27,000. SouthState Corp grew its holdings in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after acquiring an additional 87 shares during the period. Kings Path Partners LLC bought a new stake in shares of Vulcan Materials in the second quarter worth $27,000. Opal Wealth Advisors LLC purchased a new position in Vulcan Materials during the first quarter valued at $33,000. Finally, YHB Investment Advisors Inc. purchased a new position in Vulcan Materials during the first quarter valued at $34,000. Institutional investors own 90.39% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Citigroup lowered their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Loop Capital lowered their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Truist Financial lowered their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 7th. Royal Bank of Canada lowered their price objective 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, StockNews.com cut Vulcan Materials from a “hold” rating to a “sell” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $274.73.

Vulcan Materials Trading Up 0.1 %

NYSE VMC traded up $0.33 during trading hours on Friday, hitting $241.43. 532,627 shares of the company were exchanged, compared to its average volume of 821,643. The stock has a 50-day moving average price of $246.42 and a 200 day moving average price of $254.18. 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 has a 52 week low of $190.51 and a 52 week high of $278.79. The stock has a market cap of $31.88 billion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 2.23 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last issued 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 the consensus estimate of $2.03 billion. During the same period in the previous year, the firm earned $2.29 earnings per share. The company’s revenue was down 4.7% compared to the same quarter last year. Analysts forecast that Vulcan Materials will post 7.73 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

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 annualized dividend and a yield of 0.76%. Vulcan Materials’s payout ratio is currently 26.86%.

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.