Benjamin Edwards Inc. Purchases New Holdings in Vulcan Materials (NYSE:VMC)

Benjamin Edwards Inc. bought a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 7,793 shares of the construction company's stock, valued at approximately $1,952,000.

Several other hedge funds and other institutional investors have also modified their holdings of VMC. Cetera Investment Advisers increased its holdings in Vulcan Materials by 111.5% during the 1st quarter. Cetera Investment Advisers now owns 14,423 shares of the construction company's stock valued at $3,936,000 after purchasing an additional 7,603 shares in the last quarter. Cetera Advisors LLC increased its stake in shares of Vulcan Materials by 118.1% in the 1st quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company's stock valued at $1,132,000 after buying an additional 2,245 shares during the period. Mather Group LLC. increased its stake in shares of Vulcan Materials by 16.1% in the 2nd quarter. Mather Group LLC. now owns 491 shares of the construction company's stock valued at $134,000 after buying an additional 68 shares during the period. Park Avenue Securities LLC increased its stake in shares of Vulcan Materials by 7.9% in the 2nd quarter. Park Avenue Securities LLC now owns 2,760 shares of the construction company's stock valued at $686,000 after buying an additional 201 shares during the period. Finally, CWM LLC increased its stake in shares of Vulcan Materials by 44.4% in the 2nd quarter. CWM LLC now owns 3,871 shares of the construction company's stock valued at $963,000 after buying an additional 1,191 shares during the period. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

VMC has been the subject of several research reports. Barclays lifted 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. Truist Financial lifted their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Stephens lowered their target price on Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating for the company in a research note on Thursday, August 8th. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. Finally, Citigroup reduced their price target on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $283.92.

Vulcan Materials Stock Down 0.4 %

Shares of Vulcan Materials stock traded down $1.15 on Friday, hitting $286.48. The company had a trading volume of 347,822 shares, compared to its average volume of 829,694. Vulcan Materials has a twelve month low of $210.85 and a twelve month high of $298.31. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The stock has a 50-day moving average of $268.17 and a 200-day moving average of $255.97. The firm has a market capitalization of $37.83 billion, a P/E ratio of 45.37, a P/E/G ratio of 2.77 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly 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). Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The firm had revenue of $2 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The business's revenue for the quarter was down 8.3% on a year-over-year basis. Research analysts predict that Vulcan Materials will post 7.16 earnings per share for the current year.

Vulcan Materials Announces Dividend

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