Alpha Omega Wealth Management LLC Cuts Stock Holdings in Vulcan Materials (NYSE:VMC)

Alpha Omega Wealth Management LLC lowered its position in Vulcan Materials (NYSE:VMC) by 1.2% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,290 shares of the construction company’s stock after selling 50 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Vulcan Materials were worth $1,074,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in VMC. Bright Rock Capital Management LLC bought a new stake in Vulcan Materials during the third quarter worth $2,003,000. Czech National Bank increased its holdings in shares of Vulcan Materials by 6.7% in the third quarter. Czech National Bank now owns 26,902 shares of the construction company’s stock worth $6,737,000 after purchasing an additional 1,700 shares during the period. Appleton Partners Inc. MA raised its position in shares of Vulcan Materials by 1.8% in the third quarter. Appleton Partners Inc. MA now owns 33,129 shares of the construction company’s stock worth $8,297,000 after buying an additional 591 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Vulcan Materials during the second quarter valued at $2,760,000. Finally, Lazari Capital Management Inc. purchased a new position in Vulcan Materials during the second quarter worth about $665,000. 90.39% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Loop Capital dropped their price target on Vulcan Materials from $305.00 to $285.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Stephens cut their target price on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Royal Bank of Canada decreased their price target 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. Truist Financial cut their price objective 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. Finally, Citigroup decreased their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $274.73.

Vulcan Materials Trading Up 0.3 %

NYSE VMC opened at $241.09 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. Vulcan Materials has a fifty-two week low of $190.51 and a fifty-two week high of $278.79. The stock has a market cap of $31.88 billion, a P/E ratio of 35.20, a price-to-earnings-growth ratio of 2.32 and a beta of 0.82. The stock has a 50 day simple moving average of $246.82 and a two-hundred day simple moving average of $254.38.

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

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 4th. Investors of record on Thursday, August 15th were paid a $0.46 dividend. The ex-dividend date was Thursday, August 15th. This represents a $1.84 annualized dividend and a dividend yield of 0.76%. Vulcan Materials’s payout ratio is 26.86%.

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.