Virtu Financial LLC Makes New $811,000 Investment in Vulcan Materials (NYSE:VMC)

Virtu Financial LLC purchased a new stake in Vulcan Materials (NYSE:VMC - Free Report) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 3,238 shares of the construction company's stock, valued at approximately $811,000.

Several other large investors also recently made changes to their positions in VMC. Arete Wealth Advisors LLC boosted its holdings in Vulcan Materials by 7.3% during the third quarter. Arete Wealth Advisors LLC now owns 2,155 shares of the construction company's stock worth $536,000 after buying an additional 146 shares in the last quarter. Toronto Dominion Bank lifted its position in shares of Vulcan Materials by 1.2% during the 3rd quarter. Toronto Dominion Bank now owns 65,964 shares of the construction company's stock valued at $16,519,000 after acquiring an additional 801 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Vulcan Materials during the 3rd quarter worth $242,000. Coldstream Capital Management Inc. grew its holdings in shares of Vulcan Materials by 27.0% in the 3rd quarter. Coldstream Capital Management Inc. now owns 2,238 shares of the construction company's stock worth $568,000 after acquiring an additional 476 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Vulcan Materials by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 3,311,585 shares of the construction company's stock worth $826,644,000 after acquiring an additional 33,061 shares during the last quarter. Institutional investors own 90.39% of the company's stock.

Vulcan Materials Stock Down 0.8 %

VMC traded down $2.34 during midday trading on Friday, hitting $275.77. 492,601 shares of the company's stock traded hands, compared to its average volume of 831,460. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.86 and a quick ratio of 2.02. The company has a market cap of $36.42 billion, a PE ratio of 43.50, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81. The stock's fifty day simple moving average is $272.31 and its 200-day simple moving average is $256.80. Vulcan Materials has a one year low of $218.37 and a one year high of $298.31.

Vulcan Materials (NYSE:VMC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share for the quarter, missing analysts' consensus estimates of $2.34 by ($0.12). The business had revenue of $2 billion for 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 firm's revenue for the quarter was down 8.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.29 EPS. As a group, equities analysts anticipate that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Vulcan Materials Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Monday, November 4th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $1.84 annualized dividend and a dividend yield of 0.67%. Vulcan Materials's dividend payout ratio (DPR) is presently 29.02%.

Analyst Ratings Changes

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

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.