Wealth Enhancement Advisory Services LLC Has $2.28 Million Stake in Vulcan Materials (NYSE:VMC)

Wealth Enhancement Advisory Services LLC raised its position in shares of Vulcan Materials (NYSE:VMC) by 16.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,086 shares of the construction company’s stock after purchasing an additional 1,302 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Vulcan Materials were worth $2,275,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. SouthState Corp raised its position in Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after buying an additional 87 shares during the period. Kings Path Partners LLC acquired a new stake in shares of Vulcan Materials during the second quarter worth approximately $27,000. UMB Bank n.a. grew its position in Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after purchasing an additional 47 shares in the last quarter. Manchester Capital Management LLC increased its stake in Vulcan Materials by 1,218.2% in the 1st quarter. Manchester Capital Management LLC now owns 145 shares of the construction company’s stock valued at $40,000 after buying an additional 134 shares during the period. Finally, Asset Dedication LLC lifted its position in Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock worth $44,000 after buying an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company’s stock.

Vulcan Materials Price Performance

Shares of Vulcan Materials stock opened at $270.39 on Friday. The company has a current ratio of 2.86, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The firm has a fifty day simple moving average of $247.70 and a 200-day simple moving average of $252.20. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 2.60 and a beta of 0.80. Vulcan Materials has a 1-year low of $206.02 and a 1-year high of $279.47.

Vulcan Materials (NYSE:VMC) last released its 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). The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm’s revenue was down 8.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.29 EPS. On average, sell-side analysts expect that Vulcan Materials will post 7.32 earnings per share for the current year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.68%. Vulcan Materials’s payout ratio is 29.02%.

Analyst Ratings Changes

Several research firms have recently commented on VMC. Citigroup lowered their price target on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Stephens lowered their target price 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. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday. JPMorgan Chase & Co. lowered their price target on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research note on Wednesday, October 9th. Finally, Truist Financial raised their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a “buy” rating in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $274.75.

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.