Brighton Jones LLC Has $487,000 Stock Holdings in Vulcan Materials (NYSE:VMC)

Brighton Jones LLC increased its stake in shares of Vulcan Materials (NYSE:VMC) by 4.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,960 shares of the construction company’s stock after buying an additional 81 shares during the period. Brighton Jones LLC’s holdings in Vulcan Materials were worth $487,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in VMC. SouthState Corp raised its position in 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. Register Financial Advisors LLC acquired a new stake in shares of Vulcan Materials during the 1st quarter worth approximately $27,000. Kings Path Partners LLC acquired a new stake in shares of Vulcan Materials during the 2nd quarter worth approximately $27,000. UMB Bank n.a. lifted its holdings in Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock valued at $31,000 after buying an additional 47 shares during the period. Finally, Opal Wealth Advisors LLC bought a new position in Vulcan Materials in the first quarter valued at approximately $33,000. Institutional investors own 90.39% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Truist Financial cut their price target 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. Loop Capital reduced their target price on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Citigroup lowered 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. Royal Bank of Canada reduced their price objective on shares of 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. Finally, Stephens cut their target price on shares of Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $274.73.

Vulcan Materials Stock Performance

Shares of Vulcan Materials stock opened at $252.05 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 firm has a market cap of $33.33 billion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 2.25 and a beta of 0.82. The stock’s 50-day moving average is $248.39 and its 200-day moving average is $255.56. Vulcan Materials has a one year low of $190.51 and a one year high of $278.79.

Vulcan Materials (NYSE:VMC) last released its quarterly earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing analysts’ consensus estimates of $2.47 by ($0.12). The firm had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. The company’s revenue was down 4.7% compared to the same quarter last year. During the same period last year, the company earned $2.29 EPS. Equities analysts predict that Vulcan Materials will post 7.73 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Shareholders of record on Thursday, August 15th were given a dividend of $0.46 per share. The ex-dividend date was Thursday, August 15th. This represents a $1.84 annualized dividend and a yield of 0.73%. Vulcan Materials’s dividend payout ratio (DPR) is presently 26.86%.

Vulcan Materials 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.