Adams Natural Resources Fund Inc. Trims Stock Position in Vulcan Materials (NYSE:VMC)

Adams Natural Resources Fund Inc. trimmed its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 20.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,400 shares of the construction company's stock after selling 6,700 shares during the quarter. Vulcan Materials comprises approximately 0.9% of Adams Natural Resources Fund Inc.'s portfolio, making the stock its 24th largest holding. Adams Natural Resources Fund Inc.'s holdings in Vulcan Materials were worth $6,361,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. abrdn plc lifted its stake in Vulcan Materials by 17.7% in the 3rd quarter. abrdn plc now owns 47,162 shares of the construction company's stock worth $11,676,000 after purchasing an additional 7,106 shares in the last quarter. Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the 3rd quarter valued at approximately $35,000. Baker Tilly Wealth Management LLC raised its position in shares of Vulcan Materials by 38.0% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 5,093 shares of the construction company's stock valued at $1,275,000 after buying an additional 1,402 shares during the period. Salomon & Ludwin LLC raised its position in shares of Vulcan Materials by 100.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 318 shares of the construction company's stock valued at $80,000 after buying an additional 159 shares during the period. Finally, State of Alaska Department of Revenue raised its position in shares of Vulcan Materials by 6.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 15,341 shares of the construction company's stock valued at $3,841,000 after buying an additional 925 shares during the period. 90.39% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VMC. Citigroup reduced their price target 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. Loop Capital reduced their price target on shares of Vulcan Materials from $305.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, July 3rd. Barclays lifted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a research report on Tuesday. Truist Financial dropped their target price on shares of Vulcan Materials from $320.00 to $300.00 and set a "buy" rating for the company in a report on Wednesday, August 7th. Finally, Stephens dropped their target price 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. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Vulcan Materials has a consensus rating of "Moderate Buy" and an average price target of $273.50.

Vulcan Materials Stock Up 6.4 %

Shares of NYSE:VMC traded up $16.64 during trading on Wednesday, hitting $276.19. The company's stock had a trading volume of 1,952,050 shares, compared to its average volume of 833,628. The business has a 50 day moving average price of $246.87 and a two-hundred day moving average price of $252.02. The company has a market capitalization of $36.47 billion, a PE ratio of 40.32, a P/E/G ratio of 2.35 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.66 and a current ratio of 2.48. Vulcan Materials has a fifty-two week low of $195.70 and a fifty-two week high of $279.47.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The construction company reported $2.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.47 by ($0.12). The firm had revenue of $2.01 billion for the quarter, compared to analysts' expectations of $2.03 billion. Vulcan Materials had a return on equity of 12.19% and a net margin of 12.07%. Vulcan Materials's revenue for the quarter was down 4.7% on a year-over-year basis. During the same period last year, the firm posted $2.29 earnings per share. As a group, research analysts expect that Vulcan Materials will post 7.58 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 annualized dividend and a dividend yield of 0.67%. Vulcan Materials's dividend payout ratio (DPR) is currently 26.86%.

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.