Algert Global LLC Purchases Shares of 1,850 Vulcan Materials (NYSE:VMC)

Algert Global LLC acquired a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,850 shares of the construction company's stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SouthState Corp grew its holdings in shares of Vulcan Materials by 669.2% during the second quarter. SouthState Corp now owns 100 shares of the construction company's stock worth $25,000 after purchasing an additional 87 shares during the last quarter. Kings Path Partners LLC bought a new stake in Vulcan Materials during the 2nd quarter worth approximately $27,000. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials during the 3rd quarter worth approximately $30,000. UMB Bank n.a. increased its position in 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 acquiring an additional 47 shares during the period. Finally, Concord Wealth Partners bought a new position in shares of Vulcan Materials during the third quarter valued at $35,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Up 0.6 %

VMC traded up $1.74 during midday trading on Friday, hitting $288.13. The company had a trading volume of 355,153 shares, compared to its average volume of 806,363. The company has a market capitalization of $38.05 billion, a price-to-earnings ratio of 45.45, a PEG ratio of 2.79 and a beta of 0.81. The stock's 50 day moving average price is $265.28 and its 200 day moving average price is $255.16. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 52 week low of $209.60 and a 52 week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). The firm had revenue of $2 billion during 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%. The business's quarterly revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm earned $2.29 earnings per share. On average, research analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials's payout ratio is 29.02%.

Analysts Set New Price Targets

VMC has been the topic of several analyst reports. Stephens reduced their price objective on shares of Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating on the stock in a research note on Thursday, August 8th. StockNews.com raised Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Barclays lifted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Citigroup decreased their target price on shares of Vulcan Materials from $297.00 to $292.00 and set a "buy" rating for the company in a research report on Thursday, August 8th. Finally, UBS Group assumed coverage on shares of Vulcan Materials in a research report on Thursday, November 7th. They issued a "buy" rating and a $349.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, Vulcan Materials currently has a consensus rating of "Moderate Buy" and an average 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.