Vulcan Materials (NYSE:VMC) Shares Sold by TD Private Client Wealth LLC

TD Private Client Wealth LLC trimmed its stake in Vulcan Materials (NYSE:VMC - Free Report) by 27.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,660 shares of the construction company's stock after selling 4,010 shares during the quarter. TD Private Client Wealth LLC's holdings in Vulcan Materials were worth $2,670,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. SouthState Corp grew its position in Vulcan Materials by 669.2% during 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 during the last quarter. Kings Path Partners LLC purchased a new stake in shares of Vulcan Materials during the second quarter valued at approximately $27,000. Ashton Thomas Securities LLC bought a new stake in shares of Vulcan Materials during the third quarter valued at approximately $30,000. UMB Bank n.a. raised its holdings in Vulcan Materials by 61.8% in the 2nd quarter. UMB Bank n.a. now owns 123 shares of the construction company's stock worth $31,000 after acquiring an additional 47 shares during the last quarter. Finally, Concord Wealth Partners bought a new position in Vulcan Materials in the 3rd quarter valued at approximately $35,000. 90.39% of the stock is owned by hedge funds and other institutional investors.

Vulcan Materials Trading Down 0.5 %

Shares of NYSE VMC traded down $1.31 during trading hours on Thursday, reaching $278.25. The stock had a trading volume of 689,718 shares, compared to its average volume of 832,872. The firm has a market cap of $36.75 billion, a price-to-earnings ratio of 43.82, a P/E/G ratio of 2.77 and a beta of 0.81. The company has a current ratio of 2.86, a quick ratio of 2.02 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 52-week low of $218.37 and a 52-week high of $298.31. The business's fifty day moving average price is $270.88 and its two-hundred day moving average price is $256.53.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the firm earned $2.29 EPS. The firm's quarterly revenue was down 8.3% on a year-over-year basis. Analysts expect that Vulcan Materials will post 7.16 EPS for the current fiscal year.

Vulcan Materials Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 0.66%. The ex-dividend date was Monday, November 4th. Vulcan Materials's payout ratio is 29.02%.

Analyst Ratings Changes

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

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.