11,002 Shares in Vulcan Materials (NYSE:VMC) Bought by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC bought a new position in shares of Vulcan Materials (NYSE:VMC - Free Report) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 11,002 shares of the construction company's stock, valued at approximately $2,755,000. Vulcan Materials accounts for about 1.5% of Proactive Wealth Strategies LLC's investment portfolio, making the stock its 20th largest holding.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SouthState Corp increased its position in Vulcan Materials by 669.2% in the 2nd quarter. SouthState Corp now owns 100 shares of the construction company's stock worth $25,000 after buying an additional 87 shares during the period. Kings Path Partners LLC bought a new position in Vulcan Materials in the second quarter valued at approximately $27,000. Ashton Thomas Securities LLC acquired a new position in Vulcan Materials during the third quarter worth $30,000. UMB Bank n.a. increased its holdings in Vulcan Materials by 61.8% during the second 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 last quarter. Finally, Concord Wealth Partners bought a new position in Vulcan Materials during the third quarter worth $35,000. Hedge funds and other institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. JPMorgan Chase & Co. reduced their target price on Vulcan Materials from $250.00 to $245.00 and set a "neutral" rating on the stock in a report on Wednesday, October 9th. Barclays boosted their price target on shares of Vulcan Materials from $250.00 to $285.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. UBS Group started coverage on Vulcan Materials in a research report on Thursday, November 7th. They set a "buy" rating and a $349.00 target price for the company. Citigroup dropped their price objective on Vulcan Materials from $297.00 to $292.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Truist Financial increased their price objective on Vulcan Materials from $300.00 to $315.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Vulcan Materials currently has a consensus rating of "Moderate Buy" and a consensus target price of $280.46.

Vulcan Materials Trading Down 1.3 %

NYSE VMC traded down $3.66 during trading on Tuesday, reaching $288.38. 782,753 shares of the stock traded hands, compared to its average volume of 845,588. The stock's 50-day moving average price is $252.67 and its 200 day moving average price is $253.36. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. The firm has a market cap of $38.08 billion, a price-to-earnings ratio of 46.06, a price-to-earnings-growth ratio of 2.81 and a beta of 0.81. Vulcan Materials has a fifty-two week low of $209.39 and a fifty-two week high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its 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). The business had revenue of $2 billion during 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 revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.29 EPS. Analysts predict that Vulcan Materials will post 7.2 EPS for the current year.

Vulcan Materials Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Monday, November 4th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is currently 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.