Mesirow Financial Investment Management Inc. Grows Position in Vulcan Materials (NYSE:VMC)

Mesirow Financial Investment Management Inc. boosted its stake in Vulcan Materials (NYSE:VMC - Free Report) by 100.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,834 shares of the construction company's stock after acquiring an additional 1,919 shares during the quarter. Mesirow Financial Investment Management Inc.'s holdings in Vulcan Materials were worth $960,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in VMC. SouthState Corp grew its stake in Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company's stock valued at $25,000 after buying an additional 87 shares during the last quarter. Kings Path Partners LLC acquired a new position in Vulcan Materials in the 2nd quarter valued at about $27,000. UMB Bank n.a. grew its stake 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 buying an additional 47 shares during the last quarter. Concord Wealth Partners acquired a new position in Vulcan Materials in the 3rd quarter valued at about $35,000. Finally, Washington Trust Advisors Inc. grew its stake in Vulcan Materials by 240.4% in the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company's stock valued at $40,000 after buying an additional 113 shares during the last quarter. 90.39% of the stock is owned by institutional investors.

Vulcan Materials Trading Down 1.3 %

VMC stock traded down $3.66 on Tuesday, reaching $288.38. The company's stock had a trading volume of 783,328 shares, compared to its average volume of 845,588. The firm has a market cap of $38.08 billion, a PE ratio of 46.06, a PEG ratio of 2.81 and a beta of 0.81. The business has a fifty day simple moving average of $252.67 and a two-hundred day simple moving average of $253.36. Vulcan Materials has a 12-month low of $209.39 and a 12-month 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.

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 (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business 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 business's quarterly revenue was down 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.29 earnings per share. As a group, research analysts forecast that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on VMC shares. UBS Group initiated coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 price target on the stock. Stephens cut their price target on shares of Vulcan Materials from $300.00 to $280.00 and set an "overweight" rating for the company in a report on Thursday, August 8th. JPMorgan Chase & Co. dropped their price objective on shares of Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. Barclays increased their price objective on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Finally, StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $280.46.

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.