Commerzbank Aktiengesellschaft FI Makes New $213,000 Investment in Vulcan Materials (NYSE:VMC)

Commerzbank Aktiengesellschaft FI purchased a new position in shares of Vulcan Materials (NYSE:VMC) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 850 shares of the construction company’s stock, valued at approximately $213,000.

A number of other large investors have also recently bought and sold shares of VMC. SouthState Corp boosted its position in Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after acquiring an additional 87 shares during the last quarter. Register Financial Advisors LLC bought a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $27,000. Kings Path Partners LLC bought a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $27,000. UMB Bank n.a. raised 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 purchasing an additional 47 shares in the last quarter. Finally, Concord Wealth Partners bought a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Performance

Shares of NYSE VMC opened at $256.14 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. The stock’s fifty day moving average price is $245.31 and its two-hundred day moving average price is $252.17. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79. The firm has a market cap of $33.83 billion, a price-to-earnings ratio of 37.39, a P/E/G ratio of 2.32 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 EPS for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The firm had revenue of $2.01 billion during the quarter, compared to analyst estimates of $2.03 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The business’s quarterly revenue was down 4.7% compared to the same quarter last year. On average, equities analysts forecast that Vulcan Materials will post 7.62 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio is 26.86%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VMC. Royal Bank of Canada dropped their price objective on 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. Truist Financial dropped their price objective on Vulcan Materials from $320.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 7th. StockNews.com cut Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. Finally, Citigroup dropped their price objective on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Vulcan Materials has a consensus rating of “Moderate Buy” and an average target price of $272.45.

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.