Glenmede Trust Co. NA Has $1.80 Million Stock Holdings in Vulcan Materials (NYSE:VMC)

Glenmede Trust Co. NA decreased its holdings in shares of Vulcan Materials (NYSE:VMC) by 2.8% in the third quarter, Holdings Channel reports. The firm owned 7,201 shares of the construction company’s stock after selling 211 shares during the quarter. Glenmede Trust Co. NA’s holdings in Vulcan Materials were worth $1,803,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in VMC. SouthState Corp increased its position in shares of Vulcan Materials by 669.2% during the 2nd quarter. SouthState Corp now owns 100 shares of the construction company’s stock worth $25,000 after purchasing an additional 87 shares in the last quarter. Kings Path Partners LLC bought a new stake in Vulcan Materials during the second quarter worth about $27,000. Ashton Thomas Securities LLC acquired a new stake in shares of Vulcan Materials during the third quarter worth approximately $30,000. UMB Bank n.a. raised its stake 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 valued at $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Concord Wealth Partners acquired a new position in shares of Vulcan Materials in the 3rd quarter worth approximately $35,000. 90.39% of the stock is owned by institutional investors and hedge funds.

Vulcan Materials Stock Performance

Shares of NYSE:VMC opened at $288.13 on Monday. The firm’s 50 day simple moving average is $265.28 and its 200 day simple moving average is $255.16. Vulcan Materials has a fifty-two week low of $209.60 and a fifty-two week high of $298.31. The company has a market capitalization of $38.05 billion, a price-to-earnings ratio of 45.45, a P/E/G ratio of 2.79 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02.

Vulcan Materials (NYSE:VMC) last posted its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter in the prior year, the firm posted $2.29 earnings per share. The business’s revenue was down 8.3% on a year-over-year basis. As a group, sell-side analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, November 4th. Vulcan Materials’s dividend payout ratio (DPR) is presently 29.02%.

Wall Street Analyst Weigh In

VMC has been the subject of several research analyst reports. Stephens cut 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. Citigroup decreased their price objective on shares of Vulcan Materials from $297.00 to $292.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Royal Bank of Canada dropped their target price on shares of Vulcan Materials from $267.00 to $257.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. StockNews.com raised Vulcan Materials from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, UBS Group initiated coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a “buy” rating and a $349.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $283.92.

Vulcan Materials Company 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.