Portfolio Design Labs LLC Increases Stock Position in Vulcan Materials (NYSE:VMC)

Portfolio Design Labs LLC grew its holdings in Vulcan Materials (NYSE:VMC - Free Report) by 63.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,272 shares of the construction company's stock after purchasing an additional 5,536 shares during the period. Vulcan Materials comprises about 1.0% of Portfolio Design Labs LLC's investment portfolio, making the stock its 23rd biggest holding. Portfolio Design Labs LLC's holdings in Vulcan Materials were worth $3,574,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of VMC. SouthState Corp lifted its position in shares of Vulcan Materials by 669.2% in the second quarter. SouthState Corp now owns 100 shares of the construction company's stock valued at $25,000 after acquiring an additional 87 shares in the last quarter. Kings Path Partners LLC purchased a new stake in Vulcan Materials during the second quarter worth $27,000. Ashton Thomas Securities LLC purchased a new stake in Vulcan Materials during the third quarter worth $30,000. UMB Bank n.a. lifted 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 purchasing an additional 47 shares during the last quarter. Finally, Concord Wealth Partners purchased a new stake in shares of Vulcan Materials during the 3rd quarter valued at $35,000. Institutional investors own 90.39% of the company's stock.

Wall Street Analysts Forecast Growth

VMC has been the topic of several research reports. Royal Bank of Canada cut 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. StockNews.com upgraded Vulcan Materials from a "sell" rating to a "hold" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on shares of Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 9th. UBS Group assumed 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. Finally, Truist Financial raised their target price on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" 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 company's stock. According to MarketBeat, Vulcan Materials currently has a consensus rating of "Moderate Buy" and an average price target of $280.46.

Vulcan Materials Trading Down 0.1 %

Vulcan Materials stock traded down $0.20 during trading on Wednesday, hitting $277.81. The company had a trading volume of 713,877 shares, compared to its average volume of 841,294. Vulcan Materials has a 1-year low of $209.60 and a 1-year high of $298.31. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. The company's 50 day simple moving average is $258.51 and its 200-day simple moving average is $254.25. The stock has a market cap of $36.69 billion, a price-to-earnings ratio of 43.63, a price-to-earnings-growth ratio of 2.68 and a beta of 0.81.

Vulcan Materials (NYSE:VMC - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). The business had revenue of $2 billion during the quarter, compared to analyst estimates of $2.01 billion. Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business's revenue was down 8.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.29 EPS. As a group, analysts expect that Vulcan Materials will post 7.2 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 0.66%. Vulcan Materials's dividend payout ratio (DPR) is currently 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.