Tidal Investments LLC Grows Position in Vulcan Materials (NYSE:VMC)

Tidal Investments LLC boosted its position in shares of Vulcan Materials (NYSE:VMC - Free Report) by 185.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,661 shares of the construction company's stock after buying an additional 14,061 shares during the quarter. Tidal Investments LLC's holdings in Vulcan Materials were worth $5,425,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. United Asset Strategies Inc. increased its stake in Vulcan Materials by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,747 shares of the construction company's stock worth $938,000 after buying an additional 39 shares during the period. Sequoia Financial Advisors LLC increased its holdings in shares of Vulcan Materials by 2.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 1,987 shares of the construction company's stock valued at $498,000 after acquiring an additional 44 shares during the period. Marcum Wealth LLC raised its position in shares of Vulcan Materials by 5.7% in the 3rd quarter. Marcum Wealth LLC now owns 854 shares of the construction company's stock worth $214,000 after acquiring an additional 46 shares in the last quarter. UMB Bank n.a. lifted 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 purchasing an additional 47 shares during the last quarter. Finally, Golden State Equity Partners boosted its position in Vulcan Materials by 4.5% during the third quarter. Golden State Equity Partners now owns 1,099 shares of the construction company's stock valued at $275,000 after purchasing an additional 47 shares in the last quarter. Institutional investors own 90.39% of the company's stock.

Analysts Set New Price Targets

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

Vulcan Materials Stock Performance

Shares of NYSE:VMC traded down $2.34 during trading on Friday, hitting $275.77. The stock had a trading volume of 492,601 shares, compared to its average volume of 831,460. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 12-month low of $218.37 and a 12-month high of $298.31. The stock has a market capitalization of $36.42 billion, a price-to-earnings ratio of 43.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81. The stock has a 50-day simple moving average of $272.31 and a two-hundred day simple moving average of $256.80.

Vulcan Materials (NYSE:VMC - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share 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 during the quarter, compared to analyst estimates of $2.01 billion. During the same quarter last year, the company posted $2.29 EPS. Vulcan Materials's quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts expect that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Monday, November 4th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 dividend on an annualized basis and a yield of 0.67%. Vulcan Materials's dividend payout ratio 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.