Vulcan Materials (NYSE:VMC) Holdings Raised by Cerity Partners LLC

Cerity Partners LLC increased its position in shares of Vulcan Materials (NYSE:VMC) by 22.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,698 shares of the construction company’s stock after purchasing an additional 2,354 shares during the quarter. Cerity Partners LLC’s holdings in Vulcan Materials were worth $3,180,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SouthState Corp lifted its holdings in shares of Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after purchasing an additional 87 shares during the last quarter. Kings Path Partners LLC bought a new stake in Vulcan Materials in the second quarter valued at $27,000. Ashton Thomas Securities LLC acquired a new position in shares of Vulcan Materials during the third quarter valued at $30,000. UMB Bank n.a. grew its position in shares of Vulcan Materials by 61.8% during the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Concord Wealth Partners acquired a new stake in shares of Vulcan Materials in the 3rd quarter worth about $35,000. Institutional investors and hedge funds own 90.39% of the company’s stock.

Vulcan Materials Stock Up 0.6 %

NYSE:VMC opened at $288.13 on Friday. The business’s fifty day moving average price is $265.28 and its 200 day moving average price is $255.27. The firm has a market capitalization of $38.05 billion, a price-to-earnings ratio of 45.45, a PEG ratio of 2.77 and a beta of 0.81. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31.

Vulcan Materials (NYSE:VMC) last issued 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 business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. Vulcan Materials’s revenue for the quarter was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.29 EPS. On average, sell-side analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is currently 29.02%.

Wall Street Analyst Weigh In

VMC has been the topic of several analyst reports. Stephens dropped their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $349.00 target price on the stock. Citigroup decreased their price target on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of Vulcan Materials from $245.00 to $290.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Royal Bank of Canada decreased their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $283.92.

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.