National Bank of Canada FI Buys 30,762 Shares of Vulcan Materials (NYSE:VMC)

National Bank of Canada FI raised its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 64.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 78,541 shares of the construction company's stock after purchasing an additional 30,762 shares during the quarter. National Bank of Canada FI owned about 0.06% of Vulcan Materials worth $19,669,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Raymond James & Associates lifted its stake in Vulcan Materials by 3.0% during the second quarter. Raymond James & Associates now owns 202,539 shares of the construction company's stock valued at $50,367,000 after purchasing an additional 5,979 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Vulcan Materials by 3.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,332,649 shares of the construction company's stock valued at $331,404,000 after buying an additional 43,294 shares in the last quarter. Tower Bridge Advisors lifted its position in shares of Vulcan Materials by 64.5% during the 3rd quarter. Tower Bridge Advisors now owns 4,936 shares of the construction company's stock valued at $1,236,000 after acquiring an additional 1,936 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Vulcan Materials by 5.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 250,428 shares of the construction company's stock worth $62,276,000 after acquiring an additional 13,318 shares in the last quarter. Finally, Regency Capital Management Inc. DE acquired a new position in shares of Vulcan Materials in the 3rd quarter worth $5,060,000. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Truist Financial upped their target price on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a report on Friday, November 1st. Barclays upped 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. JPMorgan Chase & Co. raised 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, November 27th. StockNews.com upgraded shares of Vulcan Materials from a "sell" rating to a "hold" rating in a report on Friday, November 1st. Finally, UBS Group began coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They issued a "buy" rating and a $349.00 price objective for the company. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $283.92.

Vulcan Materials Stock Down 1.8 %

Shares of NYSE:VMC traded down $4.96 during midday trading on Tuesday, hitting $276.27. 775,436 shares of the stock were exchanged, compared to its average volume of 833,111. The business's fifty day simple moving average is $269.52 and its two-hundred day simple moving average is $256.25. 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 has a 52-week low of $216.38 and a 52-week high of $298.31. The company has a market capitalization of $36.48 billion, a PE ratio of 43.58, a P/E/G ratio of 2.77 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last announced its quarterly 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). 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 analyst estimates of $2.01 billion. During the same quarter in the prior year, the firm earned $2.29 earnings per share. The firm's quarterly revenue was down 8.3% compared to the same quarter last year. As a group, research analysts predict that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.67%. Vulcan Materials's dividend payout ratio (DPR) is 29.02%.

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.