Edgestream Partners L.P. Takes Position in Vulcan Materials (NYSE:VMC)

Edgestream Partners L.P. acquired a new position in Vulcan Materials (NYSE:VMC - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,357 shares of the construction company's stock, valued at approximately $5,599,000.

Several other large investors also recently modified their holdings of the company. SouthState Corp raised its position in 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 acquiring an additional 87 shares during the period. Kings Path Partners LLC purchased a new position in Vulcan Materials during the second quarter valued at $27,000. Ashton Thomas Securities LLC bought a new stake in Vulcan Materials during the third quarter valued at about $30,000. UMB Bank n.a. increased its position in 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 buying an additional 47 shares in the last quarter. Finally, Concord Wealth Partners bought a new position in shares of Vulcan Materials in the third quarter worth about $35,000. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Price Performance

Shares of NYSE:VMC traded up $1.74 on Friday, reaching $288.13. The company's stock had a trading volume of 355,153 shares, compared to its average volume of 806,363. The company has a 50-day simple moving average of $265.28 and a 200 day simple moving average of $255.16. Vulcan Materials has a 52-week low of $209.60 and a 52-week high of $298.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.02 and a current ratio of 2.86. The company has a market cap of $38.05 billion, a P/E ratio of 45.45, a PEG ratio of 2.79 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings data 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 firm 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%. The company's revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 EPS. As a group, equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

Analyst Ratings Changes

VMC has been the topic of a number of analyst reports. Truist Financial boosted their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research note on Friday, November 1st. UBS Group started 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 for the company. 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 research report on Thursday, August 8th. JPMorgan Chase & Co. upped their target price on shares of Vulcan Materials from $245.00 to $290.00 and gave the stock a "neutral" rating in a report on Wednesday. Finally, Barclays boosted their price objective on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Vulcan Materials has an average rating of "Moderate Buy" and an average target price of $283.92.

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.