Stifel Financial Corp Has $31.68 Million Stake in Vulcan Materials (NYSE:VMC)

Stifel Financial Corp boosted its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 18.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 126,512 shares of the construction company's stock after purchasing an additional 19,523 shares during the period. Stifel Financial Corp owned about 0.10% of Vulcan Materials worth $31,683,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its stake in shares of Vulcan Materials by 19.9% in the third quarter. Principal Financial Group Inc. now owns 5,320,570 shares of the construction company's stock valued at $1,332,431,000 after acquiring an additional 884,580 shares during the last quarter. FMR LLC increased its holdings in Vulcan Materials by 2.2% during the 3rd quarter. FMR LLC now owns 3,660,931 shares of the construction company's stock valued at $916,807,000 after purchasing an additional 78,271 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in Vulcan Materials by 18.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,130,537 shares of the construction company's stock valued at $533,551,000 after purchasing an additional 330,433 shares during the last quarter. Stockbridge Partners LLC boosted its stake in Vulcan Materials by 9.6% in the third quarter. Stockbridge Partners LLC now owns 1,568,564 shares of the construction company's stock worth $392,815,000 after purchasing an additional 137,365 shares in the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Vulcan Materials by 7.1% in the third quarter. Vontobel Holding Ltd. now owns 1,369,530 shares of the construction company's stock worth $342,971,000 after purchasing an additional 91,318 shares in the last quarter. 90.39% of the stock is currently owned by institutional investors and hedge funds.

Vulcan Materials Trading Down 0.3 %

NYSE:VMC traded down $0.77 during trading hours on Friday, hitting $286.86. The stock had a trading volume of 1,355,213 shares, compared to its average volume of 617,268. The business's 50 day moving average is $268.90 and its 200-day moving average is $256.12. The company has a market cap of $37.88 billion, a price-to-earnings ratio of 45.25, a P/E/G ratio of 2.77 and a beta of 0.81. Vulcan Materials has a one year low of $210.85 and a one year high of $298.31. 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 (NYSE:VMC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The construction company reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The business had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the previous year, the business posted $2.29 EPS. The business's quarterly revenue was down 8.3% compared to the same quarter last year. Sell-side analysts anticipate that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, November 4th. Vulcan Materials's dividend payout ratio (DPR) is presently 29.02%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VMC. Barclays lifted their price target on Vulcan Materials from $250.00 to $285.00 and gave the company an "overweight" rating in a report on Tuesday, October 29th. StockNews.com raised shares of Vulcan Materials from a "sell" rating to a "hold" rating in a research note on Friday, November 1st. UBS Group assumed coverage on shares of Vulcan Materials in a research note on Thursday, November 7th. They set a "buy" rating and a $349.00 price target on the stock. Truist Financial boosted their price objective on shares of Vulcan Materials from $300.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. increased their price objective on Vulcan Materials from $245.00 to $290.00 and gave the company a "neutral" rating in a research report on Wednesday, November 27th. Five research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, Vulcan Materials has a consensus rating of "Moderate Buy" and a consensus price target of $283.92.

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.