Vulcan Materials (NYSE:VMC) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lessened its stake in Vulcan Materials (NYSE:VMC) by 26.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,190 shares of the construction company’s stock after selling 6,092 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Vulcan Materials were worth $4,305,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Concord Wealth Partners acquired a new position in shares of Vulcan Materials during the 3rd quarter valued at $35,000. Baker Tilly Wealth Management LLC raised its stake in shares of Vulcan Materials by 38.0% during the third quarter. Baker Tilly Wealth Management LLC now owns 5,093 shares of the construction company’s stock valued at $1,275,000 after purchasing an additional 1,402 shares during the period. Salomon & Ludwin LLC lifted its holdings in Vulcan Materials by 100.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 318 shares of the construction company’s stock worth $80,000 after buying an additional 159 shares in the last quarter. State of Alaska Department of Revenue boosted its position in Vulcan Materials by 6.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 15,341 shares of the construction company’s stock valued at $3,841,000 after buying an additional 925 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Vulcan Materials by 16.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 9,086 shares of the construction company’s stock valued at $2,275,000 after acquiring an additional 1,302 shares in the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Barclays boosted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an “overweight” rating in a research note on Tuesday. Royal Bank of Canada reduced their target price 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. Truist Financial dropped their price target on shares of Vulcan Materials from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded shares of Vulcan Materials from a “hold” rating to a “sell” rating in a research note on Saturday, October 12th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $273.50.

Vulcan Materials Trading Down 0.8 %

NYSE:VMC opened at $273.94 on Friday. Vulcan Materials has a 12-month low of $195.70 and a 12-month high of $279.47. 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 business has a 50 day simple moving average of $247.39 and a 200 day simple moving average of $252.18. The firm has a market capitalization of $36.18 billion, a P/E ratio of 39.99, a P/E/G ratio of 2.35 and a beta of 0.82.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). Vulcan Materials had a net margin of 12.07% and a return on equity of 12.19%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm posted $2.29 EPS. The business’s quarterly revenue was down 8.3% on a year-over-year basis. Equities research analysts predict that Vulcan Materials will post 7.58 EPS for the current year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. Vulcan Materials’s dividend payout ratio 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.