Ceredex Value Advisors LLC Raises Position in Vulcan Materials (NYSE:VMC)

Ceredex Value Advisors LLC raised its stake in Vulcan Materials (NYSE:VMC - Free Report) by 136.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,857 shares of the construction company's stock after acquiring an additional 205,260 shares during the quarter. Vulcan Materials makes up approximately 1.7% of Ceredex Value Advisors LLC's investment portfolio, making the stock its 12th largest position. Ceredex Value Advisors LLC owned approximately 0.27% of Vulcan Materials worth $89,117,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. SouthState Corp increased its stake in shares of 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 purchasing an additional 87 shares in the last quarter. Kings Path Partners LLC acquired a new position in shares of Vulcan Materials during the 2nd quarter worth approximately $27,000. UMB Bank n.a. raised its stake 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 worth $31,000 after buying an additional 47 shares during the period. Concord Wealth Partners acquired a new stake in Vulcan Materials in the 3rd quarter valued at $35,000. Finally, Manchester Capital Management LLC increased its holdings in Vulcan Materials by 1,218.2% in the 1st quarter. Manchester Capital Management LLC now owns 145 shares of the construction company's stock worth $40,000 after acquiring an additional 134 shares in the last quarter. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VMC shares. Truist Financial increased 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. JPMorgan Chase & Co. reduced their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday. Citigroup decreased their target price on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. Finally, Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a research note on Tuesday. Five equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $274.75.

Vulcan Materials Trading Down 1.3 %

Vulcan Materials stock traded down $3.54 during midday trading on Friday, hitting $270.39. 986,524 shares of the stock were exchanged, compared to its average volume of 963,466. The company has a current ratio of 2.86, a quick ratio of 1.66 and a debt-to-equity ratio of 0.42. The stock's 50-day simple moving average is $247.70 and its 200 day simple moving average is $252.20. Vulcan Materials has a fifty-two week low of $206.02 and a fifty-two week high of $279.47. The stock has a market capitalization of $35.71 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 2.60 and a beta of 0.80.

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 analysts' consensus estimates of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. 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 business earned $2.29 EPS. The firm's quarterly revenue was down 8.3% on a year-over-year basis. On average, equities analysts anticipate that Vulcan Materials will post 7.32 EPS for the current year.

Vulcan Materials Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is presently 29.02%.

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.