Mutual of America Capital Management LLC Boosts Position in Vulcan Materials (NYSE:VMC)

Mutual of America Capital Management LLC lifted its position in Vulcan Materials (NYSE:VMC) by 1.4% during the third quarter, HoldingsChannel reports. The institutional investor owned 19,447 shares of the construction company’s stock after purchasing an additional 262 shares during the period. Mutual of America Capital Management LLC’s holdings in Vulcan Materials were worth $4,870,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. SouthState Corp raised its position in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after buying an additional 87 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of Vulcan Materials during the 2nd quarter valued at about $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Vulcan Materials during the 3rd quarter valued at about $30,000. UMB Bank n.a. increased its position in shares of Vulcan Materials by 61.8% in the second quarter. UMB Bank n.a. now owns 123 shares of the construction company’s stock worth $31,000 after purchasing an additional 47 shares during the last quarter. Finally, Concord Wealth Partners purchased a new stake in Vulcan Materials in the third quarter valued at approximately $35,000. 90.39% of the stock is currently owned by institutional investors.

Vulcan Materials Trading Down 0.1 %

VMC opened at $277.81 on Thursday. The business has a 50 day moving average of $259.41 and a 200-day moving average of $254.41. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The stock has a market cap of $36.69 billion, a PE ratio of 43.82, a PEG ratio of 2.68 and a beta of 0.81. Vulcan Materials has a 52 week low of $209.60 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC) last announced 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 for the quarter, compared to the consensus estimate 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 period in the prior year, the business posted $2.29 EPS. Equities research analysts predict that Vulcan Materials will post 7.2 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.66%. The ex-dividend date is Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is 29.02%.

Wall Street Analysts Forecast Growth

VMC has been the topic of a number of research analyst reports. UBS Group assumed coverage on shares of Vulcan Materials in a report on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target on the stock. Barclays increased their target price on Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a research note on Friday, November 1st. Royal Bank of Canada reduced their price objective on Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Truist Financial boosted their target price on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $280.46.

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.