Vulcan Materials (NYSE:VMC) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp cut its holdings in shares of Vulcan Materials (NYSE:VMC) by 0.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 55,811 shares of the construction company’s stock after selling 111 shares during the quarter. Mackenzie Financial Corp’s holdings in Vulcan Materials were worth $13,879,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in VMC. The Manufacturers Life Insurance Company raised its stake in shares of Vulcan Materials by 32.0% in the second quarter. The Manufacturers Life Insurance Company now owns 316,555 shares of the construction company’s stock valued at $78,721,000 after acquiring an additional 76,678 shares in the last quarter. MBB Public Markets I LLC increased its holdings in Vulcan Materials by 694.2% during the 2nd quarter. MBB Public Markets I LLC now owns 9,475 shares of the construction company’s stock worth $2,356,000 after purchasing an additional 8,282 shares during the period. Decatur Capital Management Inc. raised its position in Vulcan Materials by 2.5% in the 2nd quarter. Decatur Capital Management Inc. now owns 11,253 shares of the construction company’s stock valued at $2,798,000 after purchasing an additional 278 shares in the last quarter. APG Asset Management N.V. raised its position in Vulcan Materials by 8.4% in the 2nd quarter. APG Asset Management N.V. now owns 253,895 shares of the construction company’s stock valued at $58,912,000 after purchasing an additional 19,573 shares in the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Vulcan Materials by 136.1% in the 2nd quarter. AQR Capital Management LLC now owns 184,471 shares of the construction company’s stock valued at $45,874,000 after buying an additional 106,324 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 0.1 %

Shares of NYSE VMC opened at $250.24 on Monday. The firm has a 50-day moving average price of $247.74 and a 200 day moving average price of $254.85. The stock has a market capitalization of $33.09 billion, a price-to-earnings ratio of 36.53, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. The company has a quick ratio of 1.66, a current ratio of 2.48 and a debt-to-equity ratio of 0.43. Vulcan Materials has a 52 week low of $190.51 and a 52 week high of $278.79.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Tuesday, August 6th. The construction company reported $2.35 earnings per share for the quarter, missing the consensus estimate of $2.47 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 $2.01 billion for the quarter, compared to analysts’ expectations of $2.03 billion. During the same quarter last year, the business posted $2.29 earnings per share. The business’s revenue was down 4.7% compared to the same quarter last year. Equities research analysts anticipate that Vulcan Materials will post 7.73 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date was Thursday, August 15th. Vulcan Materials’s payout ratio is currently 26.86%.

Analyst Ratings Changes

A number of equities analysts recently commented on VMC shares. Loop Capital lowered their target price on shares of Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Citigroup decreased their target price on Vulcan Materials from $297.00 to $292.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Truist Financial decreased their target price 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. Stephens dropped their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Finally, Royal Bank of Canada cut their price objective 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 nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Vulcan Materials presently has a consensus rating of “Moderate Buy” and a consensus target price of $274.73.

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.