Vulcan Materials (NYSE:VMC) Shares Purchased by Atria Investments Inc

Atria Investments Inc lifted its position in Vulcan Materials (NYSE:VMC) by 8.9% in the third quarter, Holdings Channel reports. The firm owned 7,143 shares of the construction company’s stock after acquiring an additional 583 shares during the period. Atria Investments Inc’s holdings in Vulcan Materials were worth $1,789,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. SouthState Corp boosted its position in shares of Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock valued at $25,000 after purchasing an additional 87 shares during the period. Kings Path Partners LLC acquired a new stake in shares of Vulcan Materials in the 2nd quarter valued at about $27,000. UMB Bank n.a. boosted its position in shares of Vulcan Materials by 61.8% in the 2nd 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 during the period. Concord Wealth Partners acquired a new stake in shares of Vulcan Materials in the 3rd quarter valued at about $35,000. Finally, Washington Trust Advisors Inc. boosted its position in shares of Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock valued at $40,000 after purchasing an additional 113 shares during the period. 90.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Stephens decreased their price objective on Vulcan Materials from $300.00 to $280.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their price objective on Vulcan Materials from $250.00 to $245.00 and set a “neutral” rating for the company in a research report on Wednesday, October 9th. Truist Financial increased their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada decreased their price objective on 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 given a buy rating to the stock. Based on data from MarketBeat.com, Vulcan Materials presently has an average rating of “Moderate Buy” and an average target price of $280.46.

Vulcan Materials Stock Performance

Shares of VMC stock opened at $279.28 on Friday. The stock has a fifty day moving average price of $255.72 and a 200 day moving average price of $253.99. The stock has a market cap of $36.88 billion, a PE ratio of 44.47, a P/E/G ratio of 2.76 and a beta of 0.81. Vulcan Materials has a 1 year low of $209.39 and a 1 year high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86.

Vulcan Materials (NYSE:VMC) last released its quarterly 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). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. During the same period last year, the firm earned $2.29 earnings per share. The business’s revenue was down 8.3% compared to the same quarter last year. Sell-side analysts forecast that Vulcan Materials will post 7.2 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be issued a $0.46 dividend. The ex-dividend date is Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.66%. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

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.