Vulcan Materials (NYSE:VMC) Holdings Trimmed by Hantz Financial Services Inc.

Hantz Financial Services Inc. cut its holdings in shares of Vulcan Materials (NYSE:VMC - Free Report) by 5.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,597 shares of the construction company's stock after selling 1,807 shares during the period. Hantz Financial Services Inc.'s holdings in Vulcan Materials were worth $8,163,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Janus Henderson Group PLC increased its holdings in Vulcan Materials by 62.1% in the first quarter. Janus Henderson Group PLC now owns 30,226 shares of the construction company's stock valued at $8,247,000 after buying an additional 11,583 shares during the last quarter. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Vulcan Materials during the 1st quarter valued at approximately $282,000. Swedbank AB bought a new position in Vulcan Materials during the first quarter worth $519,000. Cetera Investment Advisers boosted its holdings in Vulcan Materials by 111.5% in the first quarter. Cetera Investment Advisers now owns 14,423 shares of the construction company's stock worth $3,936,000 after purchasing an additional 7,603 shares during the period. Finally, Cetera Advisors LLC increased its stake in Vulcan Materials by 118.1% during the first quarter. Cetera Advisors LLC now owns 4,146 shares of the construction company's stock valued at $1,132,000 after purchasing an additional 2,245 shares during the last quarter. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Price Performance

Shares of NYSE VMC traded up $1.74 during mid-day trading on Friday, reaching $288.13. 355,153 shares of the company traded hands, compared to its average volume of 835,379. Vulcan Materials has a fifty-two week low of $209.60 and a fifty-two week high of $298.31. The firm has a market cap of $38.05 billion, a PE ratio of 45.45, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. The stock has a fifty day simple moving average of $265.28 and a 200-day simple moving average of $255.35. 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 - Get Free Report) last announced 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 net margin of 11.43% and a return on equity of 11.88%. The firm 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 EPS. The company's quarterly revenue was down 8.3% compared to the same quarter last year. Equities research analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on VMC. Barclays boosted their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. UBS Group started coverage on Vulcan Materials in a report on Thursday, November 7th. They issued a "buy" rating and a $349.00 price target on the stock. Truist Financial upped their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada lowered their price target on shares of Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $283.92.

About Vulcan Materials

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.