2,339 Shares in Vulcan Materials (NYSE:VMC) Acquired by MQS Management LLC

MQS Management LLC acquired a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 2,339 shares of the construction company's stock, valued at approximately $586,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Haverford Trust Co acquired a new stake in Vulcan Materials in the third quarter valued at $239,000. Geneva Capital Management LLC increased its holdings in shares of Vulcan Materials by 20.6% during the 3rd quarter. Geneva Capital Management LLC now owns 58,536 shares of the construction company's stock worth $14,659,000 after acquiring an additional 9,980 shares during the last quarter. Aigen Investment Management LP acquired a new stake in Vulcan Materials during the 3rd quarter valued at $1,605,000. Prime Capital Investment Advisors LLC boosted its position in Vulcan Materials by 11.0% during the third quarter. Prime Capital Investment Advisors LLC now owns 1,113 shares of the construction company's stock worth $279,000 after purchasing an additional 110 shares during the period. Finally, Proactive Wealth Strategies LLC acquired a new position in shares of Vulcan Materials in the third quarter valued at $2,755,000. 90.39% of the stock is owned by institutional investors.

Analyst Ratings Changes

VMC has been the subject of several research analyst reports. Truist Financial lifted their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Barclays lifted their target price on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. JPMorgan Chase & Co. lowered their target price on shares of Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Royal Bank of Canada cut their price target on 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. Finally, Stephens dropped their price objective on Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $280.46.

Vulcan Materials Price Performance

Vulcan Materials stock traded down $0.67 during mid-day trading on Wednesday, reaching $287.71. The company had a trading volume of 580,002 shares, compared to its average volume of 844,383. The business has a fifty day simple moving average of $253.66 and a 200 day simple moving average of $253.55. The company has a market cap of $37.99 billion, a P/E ratio of 45.67, a P/E/G ratio of 2.77 and a beta of 0.81. Vulcan Materials has a fifty-two week low of $209.39 and a fifty-two week high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) 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 company had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.01 billion. During the same period in the prior year, the business earned $2.29 earnings per share. The firm's revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities research analysts predict that Vulcan Materials will post 7.2 earnings per share for the current year.

Vulcan Materials Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be issued a dividend of $0.46 per share. The ex-dividend date is Monday, November 4th. This represents a $1.84 annualized dividend and a yield of 0.64%. Vulcan Materials's payout ratio is 29.02%.

Vulcan Materials 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.