Vulcan Materials (NYSE:VMC) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 67.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,368 shares of the construction company's stock after selling 49,596 shares during the quarter. Los Angeles Capital Management LLC's holdings in Vulcan Materials were worth $6,102,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. SouthState Corp grew its holdings in Vulcan Materials by 669.2% during the 2nd 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 acquired a new position in Vulcan Materials in the second quarter valued at about $27,000. UMB Bank n.a. boosted its holdings in shares of Vulcan Materials by 61.8% during 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 in the last quarter. Concord Wealth Partners acquired a new position in shares of Vulcan Materials in the 3rd quarter worth approximately $35,000. Finally, Washington Trust Advisors Inc. grew its stake in Vulcan Materials by 240.4% in the third quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock valued at $40,000 after acquiring an additional 113 shares during the period. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Stock Down 0.6 %

Shares of NYSE:VMC traded down $1.75 during trading on Tuesday, hitting $290.29. The company's stock had a trading volume of 366,462 shares, compared to its average volume of 843,687. The business has a 50 day moving average price of $252.67 and a two-hundred day moving average price of $253.36. 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 capitalization of $38.34 billion, a PE ratio of 46.06, a P/E/G ratio of 2.81 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.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued 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). The company had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a net margin of 11.43% and a return on equity of 11.88%. The company's quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.29 EPS. As a group, research analysts expect that Vulcan Materials will post 7.2 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Monday, November 4th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 0.63%. The ex-dividend date is Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is presently 29.02%.

Analysts Set New Price Targets

A number of analysts recently commented on VMC shares. Stephens dropped their price target 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. Royal Bank of Canada lowered their target price on Vulcan Materials from $267.00 to $257.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Citigroup decreased their target price 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. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Finally, Truist Financial upped their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a report on Friday, November 1st. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, Vulcan Materials currently has an average rating of "Moderate Buy" and an average price target of $280.46.

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.